Los Angeles Capital Management LLC Purchases 193,207 Shares of WisdomTree, Inc. (NYSE:WT)

Los Angeles Capital Management LLC boosted its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 589.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,968 shares of the company’s stock after acquiring an additional 193,207 shares during the period. Los Angeles Capital Management LLC owned about 0.15% of WisdomTree worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of WT. Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree in the fourth quarter worth about $60,000. KBC Group NV grew its stake in WisdomTree by 48.4% in the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after acquiring an additional 2,540 shares during the period. Cooper Financial Group purchased a new stake in shares of WisdomTree during the fourth quarter worth about $111,000. Principal Securities Inc. lifted its position in shares of WisdomTree by 146.1% in the fourth quarter. Principal Securities Inc. now owns 12,858 shares of the company’s stock valued at $135,000 after acquiring an additional 7,633 shares in the last quarter. Finally, Versor Investments LP purchased a new position in WisdomTree in the 3rd quarter valued at $134,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WT. Keefe, Bruyette & Woods lowered their price objective on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.54.

Insider Buying and Selling at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction 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. This trade represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

WisdomTree Trading Down 2.0 %

Shares of WT stock opened at $8.93 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 28.79 and a beta of 1.47. WisdomTree, Inc. has a 1-year low of $7.88 and a 1-year high of $12.45. The business’s fifty day moving average price is $9.81 and its 200 day moving average price is $10.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. As a group, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s dividend payout ratio is currently 38.71%.

WisdomTree Company Profile

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.