Los Angeles Capital Management LLC Has $2.37 Million Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Los Angeles Capital Management LLC increased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 589.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 225,968 shares of the company’s stock after acquiring an additional 193,207 shares during the quarter. Los Angeles Capital Management LLC’s holdings in WisdomTree were worth $2,373,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Azora Capital LP raised its stake in shares of WisdomTree by 12.1% in the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock valued at $105,990,000 after acquiring an additional 1,142,151 shares during the last quarter. State Street Corp increased its position in shares of WisdomTree by 7.6% during the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after acquiring an additional 399,839 shares in the last quarter. Geode Capital Management LLC raised its position in WisdomTree by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock valued at $29,117,000 after buying an additional 93,140 shares during the last quarter. FMR LLC boosted its stake in shares of WisdomTree by 390.7% during the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after buying an additional 2,276,452 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of WisdomTree by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after buying an additional 410,348 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Activity at WisdomTree

In other news, 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares of the company’s stock, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WT. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

WisdomTree Stock Down 2.0 %

WisdomTree stock opened at $8.93 on Friday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 28.79 and a beta of 1.47. WisdomTree, Inc. has a 1-year low of $7.88 and a 1-year high of $12.45. The firm’s fifty day moving average price is $9.81 and its two-hundred day moving average price is $10.25. 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 earnings results 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 return on equity of 24.67% and a net margin of 15.59%. On average, equities research analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed 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 was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.34%. WisdomTree’s dividend payout ratio is 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.