WisdomTree, Inc. (NYSE:WT) Announces $0.03 Quarterly Dividend

WisdomTree, Inc. (NYSE:WT - Get Free Report) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.03 per share on Wednesday, February 26th. This represents a $0.12 annualized dividend and a yield of 1.23%. The ex-dividend date is Wednesday, February 12th.

WisdomTree has a dividend payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 15.2%.

WisdomTree Price Performance

WisdomTree stock traded down $0.07 during midday trading on Wednesday, reaching $9.75. The company's stock had a trading volume of 1,022,340 shares, compared to its average volume of 1,969,367. The firm has a market capitalization of $1.42 billion, a PE ratio of 31.44 and a beta of 1.47. WisdomTree has a fifty-two week low of $6.78 and a fifty-two week high of $12.45. The stock's 50 day simple moving average is $10.42 and its 200 day simple moving average is $10.40. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, equities research analysts forecast that WisdomTree will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WT shares. UBS Group upped 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. Keefe, Bruyette & Woods lowered their price target on shares of WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. Finally, Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WisdomTree presently has a consensus rating of "Moderate Buy" and an average price target of $12.54.

Insider Activity

In related news, insider Peter M. Ziemba sold 100,000 shares of WisdomTree stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. This trade represents a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,190,980 shares of company stock worth $36,060,973 over the last 90 days. 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.