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 business’s stock in a transaction on Tuesday, February 4th. The stock was 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 owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $9.62 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of 31.02 and a beta of 1.47. The firm’s 50-day simple moving average is $10.37 and its 200-day simple moving average is $10.39. 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, Inc. has a 1 year low of $6.78 and a 1 year high of $12.45.

WisdomTree (NYSE:WT) last issued its 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 net margin of 15.59% and a return on equity of 24.67%. Equities analysts forecast that WisdomTree, Inc. will post 0.7 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, February 12th. WisdomTree’s dividend payout ratio is presently 38.71%.

Institutional Investors Weigh In On WisdomTree

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after buying an additional 2,405 shares during the last quarter. GAMMA Investing LLC grew its position in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after buying an additional 1,761 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of WisdomTree during the 4th quarter valued at about $60,000. KBC Group NV grew its position in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after buying an additional 2,540 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in WisdomTree in the 3rd quarter worth about $105,000. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WT shares. UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.