Maryland State Retirement & Pension System Reduces Stock Position in WisdomTree, Inc. (NYSE:WT)

Maryland State Retirement & Pension System lessened its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,536 shares of the company’s stock after selling 1,659 shares during the period. Maryland State Retirement & Pension System’s holdings in WisdomTree were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of WisdomTree by 173.3% in the 4th 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 in the last quarter. Stonebridge Financial Group LLC bought a new position in WisdomTree in the fourth quarter worth $60,000. KBC Group NV lifted its position in WisdomTree by 48.4% during 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 during the period. Xponance Inc. bought a new stake in shares of WisdomTree during the 4th quarter valued at $105,000. Finally, Cooper Financial Group purchased a new stake in shares of WisdomTree in the 4th quarter worth about $111,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Trading Up 3.1 %

Shares of NYSE:WT opened at $9.33 on Wednesday. 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 1 year low of $7.96 and a 1 year high of $12.45. The company has a market cap of $1.37 billion, a P/E ratio of 30.10 and a beta of 1.53. The stock’s fifty day moving average price is $9.29 and its 200-day moving average price is $10.11.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) 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%. Sell-side analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.29%. WisdomTree’s dividend payout ratio is presently 38.71%.

Analyst Ratings Changes

Several equities research analysts recently commented on WT shares. 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 cut their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

Insider Activity

In other 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 transaction of $897,972.60. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.80% of the company’s stock.

WisdomTree 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.