Toth Financial Advisory Corp Invests $278,000 in WisdomTree, Inc. (NYSE:WT)

Toth Financial Advisory Corp purchased a new stake in WisdomTree, Inc. (NYSE:WT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,500 shares of the company's stock, valued at approximately $278,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company's stock worth $40,000 after acquiring an additional 1,761 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in WisdomTree in the 3rd quarter worth approximately $105,000. Cooper Financial Group bought a new stake in WisdomTree during the fourth quarter worth approximately $111,000. JGP Wealth Management LLC acquired a new position in WisdomTree during the third quarter valued at approximately $118,000. Finally, Algert Global LLC bought a new position in shares of WisdomTree in the second quarter valued at approximately $121,000. Institutional investors and hedge funds own 78.64% of the company's stock.

WisdomTree Price Performance

NYSE WT traded up $0.03 during trading hours on Friday, reaching $9.92. 1,627,132 shares of the company's stock were exchanged, compared to its average volume of 1,671,616. The firm has a fifty day moving average of $10.74 and a 200-day moving average of $10.44. WisdomTree, Inc. has a one year low of $6.67 and a one year high of $12.45. The stock has a market cap of $1.45 billion, a PE ratio of 34.21 and a beta of 1.49. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36.

Insider Buying and Selling at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 67,869 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 12,250,000 shares in the company, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

WT has been the subject of several recent analyst reports. Northcoast Research downgraded WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. UBS Group increased their price objective on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.