WisdomTree, Inc. (NYSE:WT) Insider Etfs Capital Limited. Sells 3,000,000 Shares

WisdomTree, Inc. (NYSE:WT) insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This trade represents a 19.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WisdomTree Stock Performance

Shares of WisdomTree stock opened at $11.50 on Thursday. The business’s fifty day simple moving average is $10.71 and its 200 day simple moving average is $10.28. The firm has a market capitalization of $1.68 billion, a P/E ratio of 39.64 and a beta of 1.46. WisdomTree, Inc. has a 12 month low of $6.24 and a 12 month high of $12.45. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.04%. WisdomTree’s payout ratio is presently 41.38%.

Institutional Trading of WisdomTree

Hedge funds have recently made changes to their positions in the company. FMR LLC raised 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 valued at $28,562,000 after purchasing an additional 2,276,452 shares during the period. Azora Capital LP raised its stake in shares of WisdomTree by 12.1% during the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock valued at $105,990,000 after purchasing an additional 1,142,151 shares during the period. Victory Capital Management Inc. raised its stake in shares of WisdomTree by 92.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in shares of WisdomTree during the 2nd quarter valued at $5,748,000. Finally, Acadian Asset Management LLC bought a new stake in shares of WisdomTree during the 2nd quarter valued at $4,258,000. 78.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WT shares. UBS Group lifted their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

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.