WisdomTree, Inc. (NYSE:WT) Short Interest Update

WisdomTree, Inc. (NYSE:WT) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 18,160,000 shares, a decline of 16.9% from the February 13th total of 21,850,000 shares. Approximately 15.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is presently 10.6 days.

Insider Transactions at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares in the company, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WT. FMR LLC lifted its position in WisdomTree by 390.7% in the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after buying an additional 2,276,452 shares during the last quarter. Millennium Management LLC lifted its position in shares of WisdomTree by 532.6% during the fourth quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock worth $21,331,000 after purchasing an additional 1,710,409 shares in the last quarter. Azora Capital LP lifted its position in shares of WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after purchasing an additional 1,142,151 shares in the last quarter. Nuveen Asset Management LLC increased its stake in WisdomTree by 139.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock valued at $13,345,000 after purchasing an additional 741,134 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its stake in WisdomTree by 127.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after purchasing an additional 651,121 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

WisdomTree Trading Up 1.3 %

Shares of WT traded up $0.12 during mid-day trading on Thursday, reaching $8.72. The stock had a trading volume of 171,246 shares, compared to its average volume of 1,434,412. 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 has a 52-week low of $7.96 and a 52-week high of $12.45. The business’s fifty day moving average is $9.33 and its 200 day moving average is $10.12. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 28.11 and a beta of 1.53.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 predict that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.38%. WisdomTree’s payout ratio is currently 38.71%.

WisdomTree Company 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.