WisdomTree (NYSE:WT) Shares Gap Down – Should You Sell?

WisdomTree, Inc. (NYSE:WT)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $10.50, but opened at $10.10. WisdomTree shares last traded at $10.23, with a volume of 351,038 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on WT shares. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday. UBS Group upped their target price 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.79.

WisdomTree Trading Down 3.3 %

The firm’s fifty day moving average price is $11.09 and its 200-day moving average price is $10.45. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 35.00 and a beta of 1.46. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s payout ratio is currently 41.38%.

Insiders Place Their Bets

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares in the company, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now owns 948,386 shares of the company’s stock, valued at $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in WisdomTree by 390.7% in the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after acquiring an additional 2,276,452 shares in the last quarter. Azora Capital LP boosted its holdings in shares of WisdomTree by 12.1% during the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after purchasing an additional 1,142,151 shares during the period. Victory Capital Management Inc. grew its position in WisdomTree by 92.5% during the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in WisdomTree in the 2nd quarter valued at approximately $5,748,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of WisdomTree during the 2nd quarter valued at $4,258,000. 78.64% of the stock is owned by hedge funds and other 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.