Foundry Partners LLC Buys 26,296 Shares of WisdomTree, Inc. (NYSE:WT)

Foundry Partners LLC lifted its stake in shares of WisdomTree, Inc. (NYSE:WT) by 189.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,146 shares of the company’s stock after acquiring an additional 26,296 shares during the quarter. Foundry Partners LLC’s holdings in WisdomTree were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position 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 purchasing an additional 150,257 shares during the period. Truist Financial Corp lifted its holdings in WisdomTree by 142.9% in the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock valued at $773,000 after buying an additional 43,293 shares during the period. Charles Schwab Investment Management Inc. boosted its position in WisdomTree by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock valued at $11,899,000 after acquiring an additional 72,376 shares during the last quarter. Barclays PLC grew its holdings in WisdomTree by 201.3% during the 3rd quarter. Barclays PLC now owns 268,668 shares of the company’s stock worth $2,684,000 after acquiring an additional 179,493 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of WisdomTree by 589.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 249,249 shares of the company’s stock worth $2,491,000 after acquiring an additional 213,086 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now directly owns 221,146 shares of the company’s stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Trading Down 6.9 %

NYSE WT opened at $7.95 on Friday. WisdomTree, Inc. has a 52 week low of $7.79 and a 52 week high of $12.45. The business has a 50 day moving average price of $9.15 and a 200-day moving average price of $10.06. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 25.63 and a beta of 1.26.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share 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%. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.51%. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.

Analyst Upgrades and Downgrades

WT has been the topic of several research analyst reports. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company 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.com, the stock 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.