Insider Selling: WisdomTree, Inc. (NYSE:WT) Insider Sells $897,972.60 in Stock

WisdomTree, Inc. (NYSE:WT) insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares in the company, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WisdomTree Price Performance

Shares of NYSE:WT opened at $9.54 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 30.77 and a beta of 1.47. The business has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $10.38. WisdomTree, Inc. has a fifty-two week low of $6.78 and a fifty-two week high of $12.45.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. On average, analysts expect that WisdomTree, Inc. will post 0.7 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.

Institutional Trading of WisdomTree

Several large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after purchasing an additional 2,405 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of WisdomTree by 76.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after purchasing an additional 1,761 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree in the fourth quarter worth approximately $60,000. KBC Group NV grew its position in WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after buying an additional 2,540 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in WisdomTree during the third quarter valued at approximately $105,000. Institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WT. UBS Group lifted their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and a consensus target price of $12.54.

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.