WisdomTree, Inc. (NYSE:WT) Given Average Rating of “Moderate Buy” by Brokerages

WisdomTree, Inc. (NYSE:WT) has earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.79.

WT has been the subject of a number of research reports. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday. UBS Group raised 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.

Insider Buying and Selling at WisdomTree

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WT. Headlands Technologies LLC purchased a new position in WisdomTree in the second quarter valued at $27,000. GAMMA Investing LLC grew 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 in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of WisdomTree during the third quarter worth approximately $105,000. Benjamin Edwards Inc. acquired a new stake in WisdomTree in the second quarter valued at approximately $115,000. Finally, Foundry Partners LLC purchased a new position in WisdomTree in the second quarter worth approximately $118,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Down 3.7 %

NYSE WT opened at $10.11 on Friday. The business has a fifty day moving average price of $11.09 and a 200 day moving average price of $10.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The company has a market cap of $1.48 billion, a P/E ratio of 34.86 and a beta of 1.46. WisdomTree has a one year low of $6.57 and a one year high of $12.45.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.19%. WisdomTree’s dividend payout ratio (DPR) is currently 41.38%.

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.