Entropy Technologies LP Acquires Shares of 42,198 WisdomTree, Inc. (NYSE:WT)

Entropy Technologies LP bought a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,198 shares of the company's stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its stake in shares of WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after purchasing an additional 986 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of WisdomTree by 3.1% during the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock worth $335,000 after purchasing an additional 1,000 shares during the period. Impact Partnership Wealth LLC grew its stake in shares of WisdomTree by 3.3% during the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company's stock worth $344,000 after purchasing an additional 1,108 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of WisdomTree by 2.3% during the third quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company's stock worth $574,000 after purchasing an additional 1,300 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock worth $40,000 after purchasing an additional 1,761 shares during the period. Institutional investors own 78.64% of the company's stock.

Insider Activity

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the sale, the insider now owns 12,250,000 shares in the company, valued at approximately $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $897,972.60. Following the sale, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WT. UBS Group boosted their target price on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods decreased their target price on 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, Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.54.

WisdomTree Stock Down 0.5 %

Shares of WisdomTree stock traded down $0.05 during trading on Friday, reaching $9.76. The stock had a trading volume of 1,231,251 shares, compared to its average volume of 1,648,681. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 31.47 and a beta of 1.47. The stock has a fifty day moving average price of $10.15 and a two-hundred day moving average price of $10.31. WisdomTree, Inc. has a 52 week low of $7.16 and a 52 week high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 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%. Sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. WisdomTree's dividend payout ratio (DPR) is 38.71%.

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.