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

WisdomTree, Inc. (NYSE:WT) insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

WisdomTree Stock Performance

Shares of WT opened at $9.62 on Friday. The company’s fifty day moving average is $10.37 and its 200-day moving average is $10.39. WisdomTree, Inc. has a 12 month low of $6.78 and a 12 month high of $12.45. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 31.02 and a beta of 1.47. The company has a quick ratio of 2.13, a current ratio of 2.92 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 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 expect that WisdomTree, Inc. will post 0.7 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WT. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Finally, UBS Group upped their price target on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.54.

Institutional Trading of WisdomTree

A number of hedge funds have recently bought and sold shares of the stock. Algert Global LLC bought a new position in shares of WisdomTree during the 2nd quarter worth about $121,000. Truist Financial Corp bought a new position in shares of WisdomTree during the 2nd quarter worth about $260,000. Park Avenue Securities LLC bought a new position in shares of WisdomTree during the 3rd quarter worth about $105,000. GAMMA Investing LLC lifted its holdings in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after acquiring an additional 1,761 shares during the period. Finally, Tobam lifted its holdings in shares of WisdomTree by 29.5% during the 3rd quarter. Tobam now owns 23,705 shares of the company’s stock worth $237,000 after acquiring an additional 5,397 shares during the period. 78.64% of the stock is owned by institutional investors.

About WisdomTree

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.