Insider Selling: WisdomTree (NYSE:WT) COO Sells $736,800.00 in Stock

WisdomTree, Inc. (NYSE:WT) COO R. Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total transaction of $736,800.00. Following the transaction, the chief operating officer directly owned 1,080,245 shares in the company, valued at approximately $26,530,817.20. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

WisdomTree Trading Up 1.5%

Shares of WT traded up $0.36 during trading hours on Thursday, reaching $24.26. The stock had a trading volume of 1,762,400 shares, compared to its average volume of 3,285,199. The company has a quick ratio of 2.73, a current ratio of 3.00 and a debt-to-equity ratio of 2.53. WisdomTree, Inc. has a 52 week low of $10.69 and a 52 week high of $25.91. The firm has a 50-day moving average of $21.56 and a 200 day moving average of $18.65. The company has a market cap of $3.68 billion, a P/E ratio of 46.65 and a beta of 1.20.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a return on equity of 39.12% and a net margin of 13.27%.The firm’s revenue was up 57.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. On average, sell-side analysts expect that WisdomTree, Inc. will post 1.19 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 12th. WisdomTree’s dividend payout ratio is 23.08%.

Institutional Investors Weigh In On WisdomTree

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in WisdomTree in the 2nd quarter valued at approximately $92,000. Nykredit A S bought a new position in shares of WisdomTree during the 2nd quarter worth approximately $27,000. Team Financial Group LLC bought a new position in shares of WisdomTree during the 1st quarter worth approximately $29,000. Transamerica Financial Advisors LLC bought a new position in shares of WisdomTree during the 2nd quarter worth approximately $36,000. Finally, Quarry LP raised its holdings in shares of WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company’s stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Ratings Changes

WT has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $26.00 price objective on shares of WisdomTree in a report on Thursday, August 27th. Oppenheimer raised their target price on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. The Goldman Sachs Group raised their target price on shares of WisdomTree from $16.40 to $18.30 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of WisdomTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.66.

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.