Renaissance Technologies LLC Sells 328,072 Shares of WisdomTree, Inc. (NYSE:WT)

Renaissance Technologies LLC trimmed its holdings in WisdomTree, Inc. (NYSE:WT - Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,184,007 shares of the company's stock after selling 328,072 shares during the quarter. Renaissance Technologies LLC owned about 0.81% of WisdomTree worth $12,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WT. Stifel Financial Corp increased its stake in WisdomTree by 145.5% during the 3rd quarter. Stifel Financial Corp now owns 79,008 shares of the company's stock valued at $789,000 after buying an additional 46,822 shares during the period. State Street Corp boosted its stake in WisdomTree by 7.6% during the 3rd quarter. State Street Corp now owns 5,678,905 shares of the company's stock valued at $56,732,000 after purchasing an additional 399,839 shares in the last quarter. MML Investors Services LLC raised its stake in shares of WisdomTree by 16.9% in the 3rd quarter. MML Investors Services LLC now owns 45,046 shares of the company's stock worth $450,000 after buying an additional 6,497 shares in the last quarter. Barclays PLC boosted its stake in WisdomTree by 201.3% during the third quarter. Barclays PLC now owns 268,668 shares of the company's stock valued at $2,684,000 after buying an additional 179,493 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of WisdomTree by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company's stock worth $29,117,000 after purchasing an additional 93,140 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

WisdomTree Stock Performance

Shares of NYSE:WT traded up $0.02 on Monday, hitting $8.25. 343,242 shares of the company were exchanged, compared to its average volume of 1,535,849. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The company's 50 day moving average price is $8.76 and its two-hundred day moving average price is $9.90. WisdomTree, Inc. has a one year low of $7.47 and a one year high of $12.45. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.56 and a beta of 1.26.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data 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%. Research analysts expect 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. Shareholders of record on Wednesday, February 12th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree's dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WT shares. The Goldman Sachs Group dropped 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. Northcoast Research downgraded WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.42.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value 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. This trade represents 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 the SEC website. Company insiders own 7.80% of the company's stock.

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.