WisdomTree, Inc. (NYSE:WT) Insider Sells $1,143,000.00 in Stock

WisdomTree, Inc. (NYSE:WT) insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares in the company, valued at $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

WisdomTree Trading Up 0.7 %

NYSE:WT opened at $11.62 on Tuesday. The company has a market cap of $1.70 billion, a PE ratio of 40.05 and a beta of 1.43. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.02. The business’s 50 day moving average is $10.26 and its two-hundred day moving average is $10.08. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.03%. WisdomTree’s dividend payout ratio (DPR) is 41.38%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WT shares. Craig Hallum increased their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. UBS Group upped their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer boosted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. UniSuper Management Pty Ltd bought a new position in shares of WisdomTree in the first quarter worth about $423,000. SG Americas Securities LLC lifted its stake in WisdomTree by 588.2% in the second quarter. SG Americas Securities LLC now owns 73,295 shares of the company’s stock valued at $726,000 after buying an additional 62,644 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in WisdomTree in the first quarter worth $507,000. Wakefield Asset Management LLLP acquired a new stake in shares of WisdomTree during the second quarter worth about $989,000. Finally, Janus Henderson Group PLC lifted its position in WisdomTree by 7.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock valued at $25,629,000 after acquiring an additional 194,369 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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.