WisdomTree (NYSE:WT) Shares Down 7.2% – What’s Next?

WisdomTree, Inc. (NYSE:WT) shares traded down 7.2% during mid-day trading on Thursday . The stock traded as low as $15.74 and last traded at $15.7550. 1,632,561 shares traded hands during trading, a decline of 64% from the average session volume of 4,574,291 shares. The stock had previously closed at $16.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WT shares. The Goldman Sachs Group increased their target price on shares of WisdomTree from $14.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Oppenheimer boosted their target price on WisdomTree from $17.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Northland Securities set a $20.00 price objective on shares of WisdomTree in a research report on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.65.

WisdomTree Stock Down 5.7%

The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The firm’s 50-day moving average price is $14.32 and its 200 day moving average price is $13.30. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.33 and a beta of 1.09.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, January 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $147.40 million during the quarter, compared to the consensus estimate of $142.78 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. Sell-side analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, February 11th. WisdomTree’s dividend payout ratio (DPR) is currently 16.00%.

Insider Transactions at WisdomTree

In other WisdomTree news, COO R Jarrett Lilien sold 12,500 shares of WisdomTree stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the sale, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. The trade was a 1.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Yates sold 6,820 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total value of $75,838.40. Following the transaction, the insider directly owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their position. The SEC filing for this sale provides additional information. 9.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently modified their holdings of WT. Caitong International Asset Management Co. Ltd grew its stake in WisdomTree by 163.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after buying an additional 1,521 shares during the period. Quarry LP grew its stake in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares in the last quarter. Quattro Advisors LLC purchased a new stake in shares of WisdomTree during the 4th quarter valued at about $31,000. First Horizon Corp purchased a new position in WisdomTree in the 3rd quarter worth approximately $32,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of WisdomTree during the fourth quarter valued at approximately $36,000. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.