WisdomTree, Inc. (NYSE:WT) CEO Jonathan L. Steinberg Buys 67,869 Shares

WisdomTree, Inc. (NYSE:WT - Get Free Report) CEO Jonathan L. Steinberg bought 67,869 shares of the company's stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $10.84 per share, with a total value of $735,699.96. Following the acquisition, the chief executive officer now directly owns 9,240,707 shares of the company's stock, valued at approximately $100,169,263.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WisdomTree Stock Performance

Shares of WT traded up $0.61 during mid-day trading on Tuesday, hitting $11.64. The stock had a trading volume of 2,552,066 shares, compared to its average volume of 1,303,409. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The firm has a market cap of $1.77 billion, a P/E ratio of 38.97 and a beta of 1.43. The business has a fifty day moving average price of $10.06 and a 200-day moving average price of $9.99. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.02.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, November 6th. WisdomTree's payout ratio is 41.38%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WT. Northland Securities lifted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an "outperform" rating in a research note on Monday, July 29th. Northcoast Research cut shares of WisdomTree from a "strong-buy" rating to a "hold" rating in a research report on Sunday, September 15th. UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Craig Hallum raised their price objective on WisdomTree from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, Oppenheimer boosted their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, WisdomTree has an average rating of "Moderate Buy" and a consensus target price of $12.25.

Institutional Trading of WisdomTree

Several hedge funds and other institutional investors have recently made changes to their positions in WT. UniSuper Management Pty Ltd acquired a new stake in WisdomTree in the 1st quarter valued at about $423,000. SG Americas Securities LLC lifted its stake in WisdomTree by 588.2% in the 2nd quarter. SG Americas Securities LLC now owns 73,295 shares of the company's stock valued at $726,000 after acquiring an additional 62,644 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of WisdomTree during the 1st quarter worth approximately $507,000. Wakefield Asset Management LLLP acquired a new position in shares of WisdomTree during the 2nd quarter worth approximately $989,000. Finally, Janus Henderson Group PLC increased its holdings in shares of WisdomTree by 7.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company's stock worth $25,629,000 after acquiring an additional 194,369 shares during the last quarter. Institutional investors and hedge funds own 78.64% 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.