Connor Clark & Lunn Investment Management Ltd. Takes $2.93 Million Position in WisdomTree, Inc. (NYSE:WT)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 279,275 shares of the company’s stock, valued at approximately $2,932,000. Connor Clark & Lunn Investment Management Ltd. owned 0.19% of WisdomTree as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in WisdomTree by 2.8% during the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after purchasing an additional 986 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in WisdomTree by 3.1% during the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock worth $335,000 after buying an additional 1,000 shares in the last quarter. Navellier & Associates Inc. raised its position in WisdomTree by 11.4% in the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock valued at $160,000 after buying an additional 1,556 shares during the last quarter. Foundry Partners LLC lifted its stake in WisdomTree by 15.9% during the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company’s stock valued at $138,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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. Institutional investors own 78.64% of the company’s stock.

Insider Activity at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WT shares. Keefe, Bruyette & Woods reduced their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree Stock Performance

Shares of NYSE WT opened at $8.50 on Tuesday. The stock’s 50-day moving average is $9.37 and its 200 day moving average is $10.14. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 27.40 and a beta of 1.53. WisdomTree, Inc. has a 1-year low of $7.96 and a 1-year high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.41%. WisdomTree’s payout ratio is presently 38.71%.

WisdomTree Profile

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.