WisdomTree, Inc. (WT) to Issue Quarterly Dividend of $0.03 on August 26th

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Wednesday, August 12th will be given a dividend of 0.03 per share on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, August 12th.

WisdomTree has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WisdomTree to earn $1.30 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 9.2%.

WisdomTree Stock Down 0.1%

Shares of NYSE:WT opened at $21.24 on Monday. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. The firm has a market cap of $3.22 billion, a P/E ratio of 40.84 and a beta of 1.17. WisdomTree has a 12 month low of $10.69 and a 12 month high of $23.15. The company’s 50-day moving average price is $18.92 and its two-hundred day moving average price is $17.44.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The business had revenue of $177.16 million for the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the prior year, the firm earned $0.18 earnings per share. WisdomTree’s revenue was up 57.3% compared to the same quarter last year. As a group, research analysts forecast that WisdomTree will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, COO R Jarrett Lilien sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the sale, the chief operating officer directly owned 1,110,245 shares of the company’s stock, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S acquired a new stake in shares of WisdomTree during the second quarter worth $11,323,000. BlackRock Inc. acquired a new position in WisdomTree during the 2nd quarter worth approximately $326,513,000. Deutsche Bank AG acquired a new position in WisdomTree during the 2nd quarter worth approximately $2,358,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of WisdomTree during the 2nd quarter worth approximately $171,000. Finally, Persistent Asset Partners Ltd bought a new position in shares of WisdomTree during the 2nd quarter worth approximately $75,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.