WisdomTree (NYSE:WT) COO R Jarrett Lilien Sells 30,000 Shares

WisdomTree, Inc. (NYSE:WT) COO R Jarrett Lilien sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total transaction of $569,700.00. Following the completion of the sale, the chief operating officer directly owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. This represents a 2.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

R Jarrett Lilien also recently made the following trade(s):

• On Wednesday, February 25th, R Jarrett Lilien sold 30,000 shares of WisdomTree stock. The stock was sold at an average price of $16.84, for a total transaction of $505,200.00.

WisdomTree Stock Down 0.3%

Shares of WT stock traded down $0.06 during trading on Thursday, reaching $19.16. The company’s stock had a trading volume of 1,795,285 shares, compared to its average volume of 3,681,394. The business has a fifty day moving average price of $16.41 and a 200-day moving average price of $14.69. The company has a quick ratio of 4.18, a current ratio of 4.57 and a debt-to-equity ratio of 2.37. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 46.74 and a beta of 1.13. WisdomTree, Inc. has a one year low of $9.24 and a one year high of $19.85.

WisdomTree (NYSE:WT) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Analysts anticipate that WisdomTree, Inc. will post 1.13 earnings per share for the current year.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 13th. WisdomTree’s payout ratio is currently 29.27%.

Hedge Funds Weigh In On WisdomTree

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of WisdomTree by 15.7% in the fourth quarter. Wellington Management Group LLP now owns 11,196,229 shares of the company’s stock valued at $136,482,000 after purchasing an additional 1,521,599 shares during the last quarter. Azora Capital LP increased its holdings in shares of WisdomTree by 9.3% in the fourth quarter. Azora Capital LP now owns 6,150,111 shares of the company’s stock valued at $74,970,000 after purchasing an additional 521,179 shares during the last quarter. Simcoe Capital Management LLC increased its holdings in shares of WisdomTree by 11.3% in the fourth quarter. Simcoe Capital Management LLC now owns 5,253,340 shares of the company’s stock valued at $64,038,000 after purchasing an additional 535,015 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of WisdomTree by 41.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,134,430 shares of the company’s stock valued at $60,197,000 after purchasing an additional 1,205,097 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of WisdomTree by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,642,042 shares of the company’s stock valued at $44,399,000 after purchasing an additional 61,699 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WT has been the topic of several analyst reports. Morgan Stanley set a $18.00 price target on shares of WisdomTree in a research report on Thursday, April 30th. Raymond James Financial initiated coverage on shares of WisdomTree in a research report on Tuesday, April 21st. They set an “outperform” rating and a $20.00 price target on the stock. Northland Securities set a $20.00 price target on shares of WisdomTree in a research report on Monday, February 2nd. Zacks Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.47.

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.