WisdomTree, Inc. (NYSE:WT) CEO Jonathan L. Steinberg Buys 67,869 Shares

WisdomTree, Inc. (NYSE:WT) CEO Jonathan L. Steinberg acquired 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the acquisition, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. This represents a 0.74 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

WisdomTree Stock Performance

WisdomTree stock opened at $11.47 on Friday. The firm’s 50 day simple moving average is $10.18 and its 200-day simple moving average is $10.03. The company has a market cap of $1.68 billion, a P/E ratio of 39.55 and a beta of 1.43. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. WisdomTree, Inc. has a fifty-two week low of $6.24 and a fifty-two week high of $12.02.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, November 6th. WisdomTree’s payout ratio is presently 41.38%.

Analyst Upgrades and Downgrades

WT has been the topic of several recent analyst reports. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Oppenheimer upped their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. UBS Group upped their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Craig Hallum upped their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Northland Securities upped their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

Institutional Trading of WisdomTree

Large investors have recently added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new position in WisdomTree during the 3rd quarter valued at $781,000. Verition Fund Management LLC raised its stake in WisdomTree by 243.3% during the 3rd quarter. Verition Fund Management LLC now owns 42,552 shares of the company’s stock valued at $425,000 after purchasing an additional 30,158 shares during the last quarter. Crawford Fund Management LLC raised its stake in WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock valued at $4,994,000 after purchasing an additional 126,700 shares during the last quarter. Public Sector Pension Investment Board raised its stake in WisdomTree by 2.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 252,568 shares of the company’s stock valued at $2,523,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in WisdomTree by 586.0% during the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock valued at $2,498,000 after purchasing an additional 213,571 shares during the last quarter. 78.64% of the stock is owned by institutional investors.

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.