Wisdomtree Stock Price, News & Analysis

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.

WisdomTree (NYSE: WT) and Voya Investment Management (NYSE: VOYA) launched the WisdomTree Voya Yield Enhanced USD Universal Bond Fund (UNIY) on NASDAQ. The fund aims to track the Bloomberg US Universal Enhanced Yield Index and has an expense ratio of 15 basis points. UNIY will provide investors exposure to the US dollar-denominated debt market while enhancing yield. This collaboration strengthens the long-term relationship between WisdomTree and Voya. UNIY offers potential investment opportunities by broadening sectors, exposing investors to various asset classes, and enhancing yield within specific risk parameters.

WisdomTree, a global financial innovator, reported a net loss of $28.3 million for Q4 2022, with diluted loss per share of ($0.20), significantly impacted by a $35.4 million non-cash loss linked to gold payments. Despite this, the company experienced its highest net inflows since 2015, totaling $5.3 billion. Assets under management (AUM) grew to $82.0 billion, a rise of 15.7%. Operating revenues remained stable at $73.3 million, while the gross margin slightly decreased to 76.9%. WisdomTree declared a quarterly dividend of $0.03, to be paid on March 1, 2023. Outlook remains optimistic with momentum continuing into 2023.