WisdomTree, Inc. (NYSE:WT) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its position in shares of WisdomTree, Inc. (NYSE:WT) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,670 shares of the company’s stock after selling 1,438 shares during the period. Navellier & Associates Inc.’s holdings in WisdomTree were worth $137,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of WisdomTree in the 2nd quarter valued at $27,000. CWM LLC increased its holdings in WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after purchasing an additional 1,268 shares in the last quarter. Gladius Capital Management LP purchased a new position in WisdomTree in the second quarter valued at about $32,000. GAMMA Investing LLC lifted its stake in shares of WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after purchasing an additional 1,761 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of WisdomTree during the third quarter worth about $105,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of the stock in a transaction dated Friday, November 8th. The stock was acquired 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. The trade was a 0.74 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

WisdomTree Stock Down 0.0 %

WT stock opened at $12.00 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 41.36 and a beta of 1.43. The firm has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $10.14. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a twelve month low of $6.24 and a twelve month high of $12.21.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s payout ratio is currently 41.38%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WT shares. Northland Securities increased their target price on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. UBS Group raised their price target on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Craig Hallum boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

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.