Levin Capital Strategies L.P. Has $488,000 Position in WisdomTree, Inc. (NYSE:WT)

Levin Capital Strategies L.P. raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 31.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,519 shares of the company’s stock after buying an additional 11,129 shares during the period. Levin Capital Strategies L.P.’s holdings in WisdomTree were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. boosted its stake in shares of WisdomTree by 99.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 66,691 shares of the company’s stock valued at $700,000 after buying an additional 33,191 shares during the period. SRN Advisors LLC lifted its stake in shares of WisdomTree by 102.6% in the 4th quarter. SRN Advisors LLC now owns 106,000 shares of the company’s stock valued at $1,113,000 after purchasing an additional 53,684 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of WisdomTree by 4.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 65,395 shares of the company’s stock valued at $687,000 after purchasing an additional 2,733 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of WisdomTree by 589.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 225,968 shares of the company’s stock valued at $2,373,000 after purchasing an additional 193,207 shares during the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of WisdomTree by 7.3% in the 4th quarter. Rothschild Investment LLC now owns 244,763 shares of the company’s stock valued at $2,570,000 after purchasing an additional 16,602 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WT. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Three 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, the company currently has an average rating of “Moderate Buy” and an average price target of $12.54.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the company’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 sale, the insider now 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the sale, the insider now directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. The trade was a 19.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

WisdomTree Stock Up 1.8 %

WisdomTree stock opened at $9.09 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 29.32 and a beta of 1.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. WisdomTree, Inc. has a fifty-two week low of $7.94 and a fifty-two week high of $12.45. The firm has a fifty day moving average price of $9.78 and a two-hundred day moving average price of $10.25.

WisdomTree (NYSE:WT) last released its earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.32%. WisdomTree’s payout ratio is 38.71%.

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.