WisdomTree, Inc. (NYSE:WT) Sees Large Decrease in Short Interest

WisdomTree, Inc. (NYSE:WT - Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 18,160,000 shares, a decline of 16.9% from the February 13th total of 21,850,000 shares. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is presently 10.6 days. Approximately 15.7% of the shares of the company are short sold.

Insider Buying and Selling at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WT. Amalgamated Bank grew its holdings in shares of WisdomTree by 2.8% in the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after acquiring an additional 986 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in WisdomTree by 3.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock worth $335,000 after purchasing an additional 1,000 shares in the last quarter. Navellier & Associates Inc. raised its holdings in WisdomTree by 11.4% during the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company's stock worth $160,000 after buying an additional 1,556 shares during the period. Federated Hermes Inc. lifted its stake in WisdomTree by 60.7% during the fourth 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 in the last quarter. Finally, EntryPoint Capital LLC lifted its stake in WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company's stock valued at $311,000 after buying an additional 1,870 shares in the last quarter. Institutional investors own 78.64% of the company's stock.

Remove Ads

WisdomTree Price Performance

NYSE WT traded down $0.11 on Friday, reaching $8.68. 3,554,249 shares of the stock traded hands, compared to its average volume of 1,446,942. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 27.98 and a beta of 1.53. The firm's fifty day simple moving average is $9.30 and its 200 day simple moving average is $10.10. WisdomTree has a 12 month low of $7.96 and a 12 month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. As a group, research analysts predict that WisdomTree will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

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

Analysts Set New Price Targets

WT has been the topic of a number of recent analyst reports. Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods cut 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.54.

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.