Connor Clark & Lunn Investment Management Ltd. bought a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 279,275 shares of the company's stock, valued at approximately $2,932,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.19% of WisdomTree as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the stock. Amalgamated Bank increased its position in shares of WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company's stock valued at $360,000 after acquiring an additional 986 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of WisdomTree by 26.9% during the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company's stock valued at $7,081,000 after acquiring an additional 150,257 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of WisdomTree by 113.4% during the third quarter. Los Angeles Capital Management LLC now owns 32,761 shares of the company's stock valued at $327,000 after acquiring an additional 17,410 shares during the last quarter. Versor Investments LP purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $134,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of WisdomTree during the third quarter valued at approximately $333,000. Institutional investors own 78.64% of the company's stock.
WisdomTree Stock Performance
Shares of NYSE WT traded down $0.11 during mid-day trading on Friday, hitting $8.68. The company had a trading volume of 3,554,247 shares, compared to its average volume of 1,448,396. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.98 and a beta of 1.53. WisdomTree, Inc. has a 1 year low of $7.96 and a 1 year 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. The stock's 50-day moving average price is $9.31 and its 200-day moving average price is $10.11.
WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings results 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 net margin of 15.59% and a return on equity of 24.67%. On average, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current year.
WisdomTree Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.38%. The ex-dividend date was Wednesday, February 12th. WisdomTree's dividend payout ratio is 38.71%.
Insider Activity at WisdomTree
In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree 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 sale, the insider now owns 221,146 shares of the company's stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.80% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have issued reports on WT. Northcoast Research downgraded WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. 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 report on Tuesday, January 14th. Three research 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, WisdomTree presently has an average rating of "Moderate Buy" and a consensus price target of $12.54.
Check Out Our Latest Stock Analysis on WT
WisdomTree Company Profile
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Free Report)
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.
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