WisdomTree (NYSE:WT) Lowered to “Neutral” Rating by Northcoast Research

WisdomTree (NYSE:WT) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a report released on Thursday,Briefing.com Automated Import reports.

Separately, UBS Group increased their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.79.

WisdomTree Price Performance

Shares of WT stock opened at $10.50 on Thursday. WisdomTree has a 1 year low of $6.57 and a 1 year high of $12.45. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average is $11.09 and its 200-day moving average is $10.45. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.21 and a beta of 1.46.

Insider Activity at WisdomTree

In other WisdomTree news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares in the company, valued at approximately $138,915,000. This trade represents a 19.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the transaction, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in shares of WisdomTree by 26.9% in the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after buying an additional 150,257 shares during the period. Franklin Resources Inc. acquired a new position in WisdomTree in the 3rd quarter worth $888,000. Teachers Retirement System of The State of Kentucky increased its holdings in WisdomTree by 589.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 249,249 shares of the company’s stock worth $2,491,000 after purchasing an additional 213,086 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of WisdomTree by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock valued at $29,117,000 after purchasing an additional 93,140 shares during the period. Finally, Barclays PLC lifted its holdings in shares of WisdomTree by 201.3% in the third quarter. Barclays PLC now owns 268,668 shares of the company’s stock valued at $2,684,000 after purchasing an additional 179,493 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.