Insider Selling: WisdomTree, Inc. (NYSE:WT) Insider Sells 90,980 Shares of Stock

WisdomTree, Inc. (NYSE:WT) insider Alexis Marinof sold 90,980 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WisdomTree Stock Performance

Shares of NYSE WT traded down $0.07 during midday trading on Wednesday, hitting $9.75. The company’s stock had a trading volume of 1,022,334 shares, compared to its average volume of 1,969,367. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 31.44 and a beta of 1.47. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average price of $10.46 and a 200 day moving average price of $10.40. WisdomTree, Inc. has a one year low of $6.78 and a one year high of $12.45.

WisdomTree (NYSE:WT) last posted its earnings results 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%. On average, research analysts forecast that WisdomTree, Inc. will post 0.7 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $0.03 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.

Analyst Upgrades and Downgrades

WT has been the topic of a number of recent analyst reports. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods lowered 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. Finally, UBS Group increased their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, WisdomTree currently has a consensus rating of “Moderate Buy” and an average price target of $12.54.

Institutional Trading of WisdomTree

Several institutional investors and hedge funds have recently modified their holdings of WT. Algert Global LLC purchased a new stake in WisdomTree in the second quarter worth $121,000. Truist Financial Corp purchased a new position in shares of WisdomTree during the second quarter valued at approximately $260,000. Park Avenue Securities LLC bought a new position in shares of WisdomTree during the 3rd quarter valued at $105,000. GAMMA Investing LLC increased its position in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Tobam raised its position in WisdomTree by 29.5% in the third quarter. Tobam now owns 23,705 shares of the company’s stock worth $237,000 after acquiring an additional 5,397 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.