Wisdomtree Stock Price, News & Analysis

WisdomTree has filed preliminary proxy materials for its 2023 Annual Meeting of Stockholders, allowing stockholders to elect six nominees to its Board of Directors. These nominees possess extensive experience in finance and technology, critical for the company's strategic objectives. Notably, the Board aims to enhance its diversity and refresh its composition, having added five new directors since January 2021.

Among the nominees is Shamla Naidoo, an expert in cybersecurity and digital innovation, who aligns with WisdomTree's expansion into digital financial services. The company currently manages approximately $91.9 billion in assets. In contrast, ETFS Capital, a stockholder, has nominated three individuals to the Board, which WisdomTree's Board deems unsuitable. Proxy voting will allow stockholders to choose representatives to guide the company's future.

WisdomTree, Inc. (NYSE: WT) has received notice from stockholder ETFS Capital Limited regarding its intent to nominate three individuals for election to the Board at the upcoming 2023 Annual Meeting. Frank Salerno, Chair of the Board, stated that they have engaged with ETFS Capital to avoid a proxy contest but view the proposed changes as unjustified given WisdomTree's strong performance. The company recently surpassed $90 billion in global AUM and achieved the 10th consecutive quarter of net inflows. Salerno emphasized that WisdomTree's strategy has led to superior stock performance compared to its peers. The date for the 2023 Annual Meeting is yet to be announced, and shareholders need not take any action currently.

WisdomTree, Inc. (NYSE: WT) has announced the release of its first quarter results scheduled for April 28, 2023, at 7:00 a.m. ET. Following the earnings report, a conference call will be held at 11:00 a.m. ET to discuss the results. Investors can participate by dialing in to the provided numbers or via a webcast accessible on their investor relations website. WisdomTree currently manages approximately $91 billion in assets globally, emphasizing its commitment to innovation in financial products, including digital funds and the blockchain-native digital wallet, WisdomTree Prime™. Stakeholders are encouraged to dial in early for the best experience.

WisdomTree, Inc. (NYSE: WT) reported impressive financial metrics for March 2023, achieving $6.3 billion in net inflows, marking the 3rd best quarter in its history. The total assets under management (AUM) reached an all-time high of $90.7 billion, surpassing $90 billion for the first time. This year, the company has seen consistent success, with 10 consecutive quarters of net inflows, exceeding $1.9 billion for March alone. The firm is experiencing a remarkable 31% annualized organic growth year-to-date, fueled by strength in fixed income, commodities, and international equity.

WisdomTree (NYSE: WT) has announced a limited duration stockholder rights plan to protect shareholders from potential takeover attempts without a control premium. The plan, similar to last year's, aims to ensure fair treatment for all stockholders and allows them to realize their investment's long-term value. It will automatically expire after the 2023 Annual Meeting unless approved by stockholders. Key features include a 10% acquisition threshold for triggering rights, a qualifying offer clause, and protections against limiting future boards' decisions. The plan includes a dividend distribution of preferred share purchase rights.

WisdomTree, Inc. (NYSE: WT) announced robust performance metrics for February 2023, highlighting net inflows exceeding $2.7 billion. The company achieved a record global AUM of over $87 billion for the month, marking the 4th consecutive month-end AUM record. Year-to-date net inflows reached nearly $4.5 billion, with a noteworthy 33% annualized organic growth rate. Key asset categories, including Commodity & Currency and Fixed Income, each attracted over $1 billion in net inflows, while International Equity products saw over $300 million in inflows.

WisdomTree has priced its offering of $130 million in convertible senior notes due 2028 to qualified institutional buyers. The initial purchaser may also buy an additional $20 million in notes. The offering is expected to generate approximately $126.4 million in net proceeds, which will primarily be used to repurchase existing 2023 convertible notes worth $115 million. The notes feature a 5.75% interest rate, convertible at an initial price of $9.54 per share, and have specific conditions for conversion prior to their maturity on August 15, 2028.

WisdomTree, Inc. (NYSE: WT) announced its intention to offer $130 million in convertible senior notes due 2028 to qualified institutional buyers. The company may allow the initial purchaser to buy an additional $20 million in notes. Proceeds will partially finance the repurchase of up to $115 million of existing 4.25% convertible senior notes due 2023, with the remainder allocated for working capital. The notes will have specific conversion options and are redeemable after August 20, 2025. Transactions related to the notes may influence WisdomTree's common stock price, which has approximately $88.1 billion in assets under management globally.

WisdomTree (NYSE: WT) reported robust financial metrics for January 2023, showcasing nearly $1.7 billion in net inflows, representing a 24% annualized organic growth. This positions the company for a tenth consecutive quarter of net inflows. The firm also achieved a record AUM exceeding $87 billion, approximately 6% higher than the previous month. Inflows into Commodity & Currency products exceeded $1.1 billion, adding momentum from $800 million in Q4. Although some equity classes experienced outflows, the overall net flows totaled $1,683 million.