Shares of WisdomTree, Inc. (NYSE:WT - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $10.50, but opened at $10.10. WisdomTree shares last traded at $10.23, with a volume of 351,038 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on WT. Northcoast Research lowered shares of WisdomTree from a "buy" rating to a "neutral" rating in a research report on Thursday. UBS Group boosted their price target on WisdomTree from $12.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.79.
View Our Latest Analysis on WT
WisdomTree Stock Down 3.7 %
The firm's 50-day moving average price is $11.09 and its 200-day moving average price is $10.45. 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 company has a market cap of $1.48 billion, a price-to-earnings ratio of 34.86 and a beta of 1.46.
WisdomTree Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.03 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. WisdomTree's dividend payout ratio (DPR) is currently 41.38%.
Insider Activity at WisdomTree
In related news, CEO Jonathan L. Steinberg acquired 67,869 shares of the firm's stock in a transaction on 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now owns 948,386 shares in the company, valued at approximately $10,840,051.98. This trade represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.80% of the company's stock.
Institutional Investors Weigh In On WisdomTree
Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in WisdomTree by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company's stock valued at $23,304,000 after acquiring an additional 410,348 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of WisdomTree by 180.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company's stock worth $1,152,000 after purchasing an additional 74,173 shares during the last quarter. Crawford Fund Management LLC boosted its position in WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company's stock valued at $4,994,000 after purchasing an additional 126,700 shares during the period. Charles Schwab Investment Management Inc. grew its stake in WisdomTree by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company's stock worth $11,899,000 after buying an additional 72,376 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in WisdomTree by 586.0% during the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company's stock worth $2,498,000 after buying an additional 213,571 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.
About WisdomTree
(
Get Free Report)
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.
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