Alexis Marinof Sells 90,980 Shares of WisdomTree, Inc. (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

WisdomTree Price Performance

WT stock opened at $9.54 on Friday. The company has a market capitalization of $1.39 billion, a PE ratio of 30.77 and a beta of 1.47. The company’s fifty day moving average price is $10.32 and its 200-day moving average price is $10.38. WisdomTree, Inc. has a one year low of $6.78 and a one year high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 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, equities analysts anticipate that WisdomTree, Inc. will post 0.7 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, February 12th. WisdomTree’s payout ratio is 38.71%.

Institutional Trading of WisdomTree

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in WisdomTree by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after purchasing an additional 410,348 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of WisdomTree by 26.9% in the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after buying an additional 150,257 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of WisdomTree by 180.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after buying an additional 74,173 shares during the last quarter. Crawford Fund Management LLC raised its position in shares of WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock valued at $4,994,000 after buying an additional 126,700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of WisdomTree by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock valued at $11,899,000 after buying an additional 72,376 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WT has been the subject of several analyst reports. Keefe, Bruyette & Woods reduced 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 downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Finally, UBS Group lifted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and a consensus target price of $12.54.

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.