WisdomTree (NYSE:WT) Shares Down 7.2% – Here’s Why

WisdomTree, Inc. (NYSE:WT)’s share price was down 7.2% on Thursday . The stock traded as low as $15.74 and last traded at $15.7550. Approximately 1,632,561 shares were traded during trading, a decline of 64% from the average daily volume of 4,574,291 shares. The stock had previously closed at $16.98.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley set a $16.75 price objective on shares of WisdomTree in a report on Tuesday, February 10th. The Goldman Sachs Group upped their price target on shares of WisdomTree from $14.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Northland Securities set a $20.00 target price on WisdomTree in a report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average target price of $17.65.

WisdomTree Price Performance

The company’s 50 day simple moving average is $14.32 and its two-hundred day simple moving average is $13.30. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The stock has a market capitalization of $2.25 billion, a P/E ratio of 21.33 and a beta of 1.09.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 30th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company had revenue of $147.40 million during the quarter, compared to analysts’ expectations of $142.78 million. During the same quarter in the previous year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, equities analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $0.12 annualized dividend and a yield of 0.7%. WisdomTree’s dividend payout ratio is currently 16.00%.

Insider Activity

In other news, insider David M. Yates sold 6,820 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 152,123 shares of the company’s stock, valued at approximately $1,691,607.76. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO R Jarrett Lilien sold 12,500 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the sale, the chief operating officer owned 998,638 shares of the company’s stock, valued at $10,995,004.38. The trade was a 1.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.30% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP boosted its position in shares of WisdomTree by 1,679.0% during the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after buying an additional 2,082 shares during the last quarter. First Horizon Corp purchased a new stake in shares of WisdomTree in the 3rd quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its position in shares of WisdomTree by 163.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock valued at $30,000 after acquiring an additional 1,521 shares during the last quarter. Quattro Advisors LLC purchased a new position in shares of WisdomTree during the fourth quarter worth about $31,000. Finally, Neo Ivy Capital Management purchased a new position in shares of WisdomTree in the 3rd quarter worth about $37,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Company Profile

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.