Y Intercept Hong Kong Ltd Acquires Shares of 93,269 WisdomTree, Inc. (NYSE:WT)

Y Intercept Hong Kong Ltd bought a new stake in WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 93,269 shares of the company’s stock, valued at approximately $979,000. Y Intercept Hong Kong Ltd owned 0.06% of WisdomTree at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. increased its holdings in WisdomTree by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after buying an additional 410,348 shares during the last quarter. Principal Financial Group Inc. increased its holdings in WisdomTree by 26.9% in the third quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after buying an additional 150,257 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in WisdomTree by 180.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after buying an additional 74,173 shares during the last quarter. Crawford Fund Management LLC increased its holdings in WisdomTree by 34.0% in the third quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after buying an additional 126,700 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in WisdomTree by 586.0% in the third quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock worth $2,498,000 after buying an additional 213,571 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Down 2.0 %

WT opened at $8.93 on Friday. WisdomTree, Inc. has a 1-year low of $7.88 and a 1-year high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 28.79 and a beta of 1.47. The business has a 50 day moving average of $9.81 and a 200-day moving average of $10.25.

WisdomTree (NYSE:WT) last posted 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%. As a group, sell-side analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.34%. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the transaction, the insider now directly owns 12,250,000 shares of the company’s stock, valued at approximately $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.

Wall Street Analyst Weigh In

Several equities analysts have commented on WT shares. Keefe, Bruyette & Woods lowered their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree 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.