WisdomTree, Inc. (NYSE:WT) Insider Sells $897,972.60 in Stock

WisdomTree, Inc. (NYSE:WT) insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

WisdomTree Trading Down 0.7 %

WT stock traded down $0.07 during trading on Wednesday, reaching $9.75. 1,022,334 shares of the stock traded hands, compared to its average volume of 1,969,367. The business’s 50 day moving average price is $10.46 and its 200-day moving average price is $10.40. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a 52-week low of $6.78 and a 52-week high of $12.45. The firm has a market capitalization of $1.42 billion, a PE ratio of 31.44 and a beta of 1.47.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. As a group, sell-side analysts forecast that WisdomTree, Inc. will post 0.7 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Wednesday, February 12th. WisdomTree’s payout ratio is currently 38.71%.

Wall Street Analysts Forecast Growth

WT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, UBS Group boosted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, WisdomTree has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

Institutional Investors Weigh In On WisdomTree

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after acquiring an additional 2,405 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after acquiring an additional 1,761 shares during the period. Stonebridge Financial Group LLC acquired a new stake in WisdomTree during the fourth quarter valued at approximately $60,000. KBC Group NV lifted its holdings in shares of WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after acquiring an additional 2,540 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in WisdomTree in the third quarter valued at about $105,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.