WisdomTree (NYSE:WT) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

WisdomTree (NYSE:WT - Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02), Zacks reports. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%.

WisdomTree Trading Up 0.4 %

Shares of WisdomTree stock traded up $0.04 during trading hours on Tuesday, reaching $9.85. The stock had a trading volume of 1,271,882 shares, compared to its average volume of 2,012,417. The firm has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.41. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 31.76 and a beta of 1.47. WisdomTree has a 1 year low of $6.67 and a 1 year high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, February 12th. WisdomTree's dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WT shares. Northcoast Research cut WisdomTree from a "buy" rating to a "neutral" rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price objective 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, UBS Group increased their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, WisdomTree presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.54.

Insider Activity at WisdomTree

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the transaction, the insider now directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. This represents a 19.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the company's stock in a transaction dated Friday, November 8th. The stock was bought at an average cost of $10.84 per share, with a total value of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares in the company, 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. 7.80% of the stock is currently owned by insiders.

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.