WisdomTree (NYSE:WT) Hits New 12-Month Low - Time to Sell?

WisdomTree, Inc. (NYSE:WT - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $7.92 and last traded at $7.89, with a volume of 380353 shares traded. The stock had previously closed at $8.53.

Wall Street Analysts Forecast Growth

WT has been the subject of a number of analyst reports. Northcoast Research downgraded shares of WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price objective on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.54.

WisdomTree Trading Up 10.6 %

The business's 50 day simple moving average is $9.02 and its 200 day simple moving average is $10.01. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 27.35 and a beta of 1.26. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, research analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.42%. WisdomTree's dividend payout ratio is currently 38.71%.

Insider Buying and Selling

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now directly owns 221,146 shares of the company's stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by insiders.

Hedge Funds Weigh In On WisdomTree

Large investors have recently modified their holdings of the stock. Quarry LP boosted its holdings in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after buying an additional 2,650 shares during the period. Smartleaf Asset Management LLC grew its position in shares of WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company's stock valued at $39,000 after purchasing an additional 2,405 shares during the last quarter. Versant Capital Management Inc grew its position in shares of WisdomTree by 310.5% in the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after purchasing an additional 3,981 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock worth $49,000 after purchasing an additional 1,777 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in WisdomTree during the 4th quarter worth approximately $60,000. 78.64% of the stock is owned by institutional investors.

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.