Aigen Investment Management LP Invests $571,000 in WisdomTree, Inc. (NYSE:WT)

Aigen Investment Management LP purchased a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 57,160 shares of the company's stock, valued at approximately $571,000.

A number of other hedge funds also recently made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in shares of WisdomTree by 92.5% during the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company's stock worth $19,051,000 after buying an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new stake in shares of WisdomTree during the second quarter worth $5,748,000. Acadian Asset Management LLC bought a new stake in shares of WisdomTree in the 2nd quarter valued at about $4,258,000. Marshall Wace LLP raised its holdings in WisdomTree by 82.3% in the second quarter. Marshall Wace LLP now owns 772,543 shares of the company's stock worth $7,656,000 after purchasing an additional 348,850 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in WisdomTree by 51.6% during the second quarter. AQR Capital Management LLC now owns 720,132 shares of the company's stock worth $7,137,000 after acquiring an additional 245,041 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Insider Transactions at WisdomTree

In related news, CEO Jonathan L. Steinberg purchased 67,869 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $10.84 per share, with a total value of $735,699.96. Following the completion of the purchase, the chief executive officer now owns 9,240,707 shares of the company's stock, valued at approximately $100,169,263.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.80% of the company's stock.

WisdomTree Stock Performance

Shares of WT traded up $0.06 during trading hours on Thursday, hitting $11.39. The stock had a trading volume of 704,049 shares, compared to its average volume of 1,304,531. WisdomTree, Inc. has a 12 month low of $6.24 and a 12 month high of $12.02. The stock has a fifty day moving average price of $10.14 and a 200 day moving average price of $10.02. The firm has a market capitalization of $1.66 billion, a PE ratio of 39.07 and a beta of 1.43. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree's payout ratio is currently 41.38%.

Analyst Upgrades and Downgrades

WT has been the subject of several recent research reports. Northland Securities upped their price objective on WisdomTree from $12.00 to $13.50 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Oppenheimer boosted their price target on WisdomTree from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. UBS Group increased their target price on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Craig Hallum upped their price target on WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.