WisdomTree, Inc. (NYSE:WT) Insider Sells $1,143,000.00 in Stock

WisdomTree, Inc. (NYSE:WT) insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This represents a 9.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

WisdomTree Stock Performance

NYSE WT traded down $0.11 during trading hours on Monday, hitting $11.42. 47,915 shares of the company’s stock traded hands, compared to its average volume of 1,302,240. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.02. The firm has a market capitalization of $1.67 billion, a P/E ratio of 39.76 and a beta of 1.43. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The business’s fifty day moving average price is $10.22 and its two-hundred day moving average price is $10.06.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th 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 1.05%. The ex-dividend date is Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

Analysts Set New Price Targets

WT has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Northland Securities lifted their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Craig Hallum lifted their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, UBS Group increased their price target on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Institutional Investors Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC lifted its holdings in WisdomTree by 7.6% during the first quarter. ProShare Advisors LLC now owns 27,223 shares of the company’s stock valued at $250,000 after purchasing an additional 1,920 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in WisdomTree in the 1st quarter worth $507,000. UniSuper Management Pty Ltd purchased a new stake in WisdomTree in the 1st quarter worth $423,000. Price T Rowe Associates Inc. MD raised its holdings in WisdomTree by 7.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 628,393 shares of the company’s stock valued at $5,776,000 after acquiring an additional 41,119 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in shares of WisdomTree in the first quarter valued at about $105,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.