Edgestream Partners L.P. Has $4.92 Million Stake in WisdomTree, Inc. (NYSE:WT)

Edgestream Partners L.P. boosted its position in shares of WisdomTree, Inc. (NYSE:WT - Free Report) by 498.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 468,117 shares of the company's stock after purchasing an additional 389,945 shares during the quarter. Edgestream Partners L.P. owned 0.32% of WisdomTree worth $4,915,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Amalgamated Bank raised its position in shares of WisdomTree by 2.8% during the third quarter. Amalgamated Bank now owns 36,023 shares of the company's stock worth $360,000 after purchasing an additional 986 shares during the period. Oppenheimer & Co. Inc. raised its holdings in WisdomTree by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company's stock worth $335,000 after buying an additional 1,000 shares during the period. 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. Foundry Partners LLC lifted its stake in WisdomTree by 15.9% in the third quarter. Foundry Partners LLC now owns 13,850 shares of the company's stock valued at $138,000 after buying an additional 1,900 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock worth $39,000 after acquiring an additional 2,405 shares during the period. Institutional investors own 78.64% of the company's stock.

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Insider Buying and Selling at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the business's 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 completion of the sale, the insider now owns 221,146 shares of the company's stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

WT has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective 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. Northcoast Research downgraded shares of WisdomTree from a "buy" rating to a "neutral" rating in a research note on Thursday, January 2nd. Three equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.54.

WisdomTree Stock Performance

Shares of NYSE WT traded down $0.05 during mid-day trading on Wednesday, reaching $8.59. 2,252,983 shares of the company were exchanged, compared to its average volume of 1,833,256. The stock has a market capitalization of $1.26 billion, a P/E ratio of 27.69 and a beta of 1.53. 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's 50-day simple moving average is $9.51 and its 200-day simple moving average is $10.19. WisdomTree, Inc. has a twelve month low of $7.96 and a twelve month high of $12.45.

WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (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, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.40%. WisdomTree's dividend payout ratio (DPR) is presently 38.71%.

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.