David Yates Sells 6,820 Shares of WisdomTree (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) insider David Yates sold 6,820 shares of WisdomTree stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total transaction of $75,838.40. Following the completion of the sale, the insider owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

WisdomTree Price Performance

NYSE WT opened at $11.30 on Friday. The company has a 50-day moving average price of $12.17 and a two-hundred day moving average price of $12.22. WisdomTree, Inc. has a 52 week low of $7.47 and a 52 week high of $14.95. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 17.38 and a beta of 1.14. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16.

WisdomTree (NYSE:WT) last released its quarterly earnings results on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $125.62 million for the quarter, compared to analysts’ expectations of $122.00 million. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Wednesday, November 12th. WisdomTree’s payout ratio is 18.46%.

Analyst Ratings Changes

A number of research analysts have recently commented on WT shares. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Northland Securities set a $16.00 price target on shares of WisdomTree in a research report on Wednesday, September 3rd. Morgan Stanley upped their price target on shares of WisdomTree from $12.50 to $13.50 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.88.

Institutional Investors Weigh In On WisdomTree

Institutional investors and hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of WisdomTree during the 1st quarter valued at about $197,000. Cetera Investment Advisers lifted its stake in WisdomTree by 29.7% during the first quarter. Cetera Investment Advisers now owns 90,503 shares of the company’s stock valued at $807,000 after purchasing an additional 20,724 shares during the last quarter. Deutsche Bank AG lifted its stake in WisdomTree by 52.6% during the first quarter. Deutsche Bank AG now owns 483,099 shares of the company’s stock valued at $4,309,000 after purchasing an additional 166,622 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in WisdomTree by 85.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 518,252 shares of the company’s stock worth $4,623,000 after buying an additional 238,977 shares in the last quarter. Finally, Aigen Investment Management LP grew its position in WisdomTree by 37.2% in the first quarter. Aigen Investment Management LP now owns 44,466 shares of the company’s stock worth $397,000 after buying an additional 12,064 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

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.