Point72 DIFC Ltd Buys New Stake in WisdomTree, Inc. (NYSE:WT)

Point72 DIFC Ltd purchased a new position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 45,625 shares of the company's stock, valued at approximately $456,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WT. FMR LLC grew its holdings in shares of WisdomTree by 390.7% during the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company's stock worth $28,562,000 after purchasing an additional 2,276,452 shares during the period. Azora Capital LP boosted its stake in WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company's stock worth $105,990,000 after buying an additional 1,142,151 shares during the period. Victory Capital Management Inc. increased its position 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 valued at $19,051,000 after acquiring an additional 923,994 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in shares of WisdomTree in the 2nd quarter valued at approximately $5,748,000. Finally, Acadian Asset Management LLC acquired a new position in shares of WisdomTree in the 2nd quarter worth approximately $4,258,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Stock Down 0.6 %

WT stock traded down $0.07 during midday trading on Friday, hitting $11.38. The company's stock had a trading volume of 1,155,679 shares, compared to its average volume of 1,659,121. The firm has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $10.31. The firm has a market capitalization of $1.66 billion, a P/E ratio of 39.26 and a beta of 1.46. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a 52-week low of $6.24 and a 52-week high of $12.45.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.05%. WisdomTree's payout ratio is 41.38%.

Insiders Place Their Bets

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares of the company's stock, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now owns 9,240,707 shares of the company's stock, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WT. Northcoast Research downgraded shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a report on Sunday, September 15th. UBS Group lifted their price objective on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research note 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. According to data from MarketBeat.com, WisdomTree has a consensus rating of "Moderate Buy" and a consensus 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.