WisdomTree, Inc. (NYSE:WT) Position Boosted by Gabelli Funds LLC

Gabelli Funds LLC lifted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 448.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 109,717 shares of the company's stock after buying an additional 89,717 shares during the period. Gabelli Funds LLC owned 0.08% of WisdomTree worth $1,152,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after acquiring an additional 2,405 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of WisdomTree by 60.7% during the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after buying an additional 1,777 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree in the 4th quarter worth $60,000. KBC Group NV boosted its holdings in WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company's stock valued at $82,000 after acquiring an additional 2,540 shares during the last quarter. Finally, Xponance Inc. purchased a new position in shares of WisdomTree in the 4th quarter worth about $105,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WT shares. Keefe, Bruyette & Woods cut their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, January 14th. Northcoast Research downgraded shares of WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group reduced their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.42.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the business's 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 completion of the transaction, the insider now owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company's stock.

WisdomTree Stock Up 0.5 %

Shares of NYSE:WT traded up $0.05 during midday trading on Friday, reaching $8.70. The company had a trading volume of 258,082 shares, compared to its average volume of 1,782,462. The stock has a market capitalization of $1.28 billion, a P/E ratio of 28.05 and a beta of 1.26. The stock's fifty day moving average price is $8.65 and its 200-day moving average price is $9.86. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last released its 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 return on equity of 24.67% and a net margin of 15.59%. Equities research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.38%. WisdomTree's dividend payout ratio is currently 38.71%.

About WisdomTree

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.