Foundry Partners LLC Has $422,000 Stock Position in WisdomTree, Inc. (NYSE:WT)

Foundry Partners LLC grew its stake in shares of WisdomTree, Inc. (NYSE:WT) by 189.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,146 shares of the company’s stock after acquiring an additional 26,296 shares during the period. Foundry Partners LLC’s holdings in WisdomTree were worth $422,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WT. Smartleaf Asset Management LLC increased its position in WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after acquiring an additional 2,405 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of WisdomTree during the fourth quarter worth approximately $60,000. KBC Group NV raised its position in shares of WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after buying an additional 2,540 shares in the last quarter. Xponance Inc. bought a new stake in shares of WisdomTree in the fourth quarter valued at approximately $105,000. Finally, Cooper Financial Group acquired a new stake in WisdomTree during the fourth quarter worth approximately $111,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of WT stock opened at $7.95 on Friday. WisdomTree, Inc. has a twelve month low of $7.79 and a twelve month high of $12.45. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $10.06. The company has a market cap of $1.17 billion, a P/E ratio of 25.63 and a beta of 1.26.

WisdomTree (NYSE:WT) last posted its quarterly 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 net margin of 15.59% and a return on equity of 24.67%. On average, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared 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 was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.51%. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the transaction, the insider now owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on WT shares. Keefe, Bruyette & Woods dropped their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

WisdomTree Company Profile

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.