WisdomTree, Inc. (NYSE:WT) Given Average Rating of "Moderate Buy" by Brokerages

WisdomTree, Inc. (NYSE:WT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $12.79.

A number of equities research analysts have issued reports on WT shares. UBS Group increased their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Northcoast Research cut shares of WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday.

WisdomTree Price Performance

Shares of WT traded up $0.04 during trading hours on Friday, hitting $10.15. 3,253,372 shares of the company were exchanged, compared to its average volume of 2,548,486. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree has a fifty-two week low of $6.57 and a fifty-two week high of $12.45. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 35.00 and a beta of 1.46. The firm's fifty day moving average is $11.08 and its 200 day moving average is $10.45.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.18%. WisdomTree's dividend payout ratio is currently 41.38%.

Insider Transactions at WisdomTree

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of the business'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 transaction of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares of the company's stock, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jonathan L. Steinberg purchased 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 purchase, the chief executive officer now directly owns 9,240,707 shares of the company's stock, valued at approximately $100,169,263.88. The trade was a 0.74 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Impact Partnership Wealth LLC lifted its position in shares of WisdomTree by 497.4% in the 2nd quarter. Impact Partnership Wealth LLC now owns 33,359 shares of the company's stock worth $331,000 after purchasing an additional 27,775 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in WisdomTree in the second quarter valued at $5,748,000. Victory Capital Management Inc. boosted its position in WisdomTree by 92.5% during the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company's stock valued at $19,051,000 after acquiring an additional 923,994 shares during the last quarter. Arizona State Retirement System grew its holdings in WisdomTree by 9.8% during the 2nd quarter. Arizona State Retirement System now owns 34,009 shares of the company's stock worth $337,000 after acquiring an additional 3,022 shares during the period. Finally, Foundry Partners LLC bought a new position in shares of WisdomTree in the 2nd quarter worth about $118,000. 78.64% of the stock is owned by institutional investors.

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.