WisdomTree, Inc. (NYSE:WT) Insider Alexis Marinof Sells 90,980 Shares of Stock

WisdomTree, Inc. (NYSE:WT) insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now directly owns 221,146 shares in the company, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

WisdomTree Trading Down 0.7 %

Shares of WT opened at $9.75 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. WisdomTree, Inc. has a 52-week low of $6.78 and a 52-week high of $12.45. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 31.44 and a beta of 1.47. The business’s fifty day moving average is $10.42 and its 200-day moving average is $10.40.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 31st. The company reported $0.17 EPS 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%. Equities analysts anticipate that WisdomTree, Inc. will post 0.7 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.23%. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

Institutional Investors Weigh In On WisdomTree

A number of institutional investors have recently added to or reduced their stakes in WT. Algert Global LLC acquired a new stake in shares of WisdomTree in the second quarter valued at about $121,000. Truist Financial Corp acquired a new position in shares of WisdomTree in the 2nd quarter worth approximately $260,000. Park Avenue Securities LLC bought a new stake in shares of WisdomTree in the 3rd quarter valued at $105,000. GAMMA Investing LLC increased its position in shares of WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after buying an additional 1,761 shares during the period. Finally, Tobam lifted its holdings in WisdomTree by 29.5% in the third quarter. Tobam now owns 23,705 shares of the company’s stock valued at $237,000 after buying an additional 5,397 shares during the period. 78.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WT has been the topic of a number of analyst reports. UBS Group increased their price target on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods reduced their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Finally, Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and an average price target of $12.54.

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.