Short Interest in WisdomTree, Inc. (NYSE:WT) Decreases By 16.9%

WisdomTree, Inc. (NYSE:WT) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 18,160,000 shares, a decrease of 16.9% from the February 13th total of 21,850,000 shares. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is currently 10.6 days. Currently, 15.7% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WT shares. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods cut their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.54.

WisdomTree Stock Performance

NYSE WT traded up $0.08 during trading hours on Wednesday, hitting $8.58. 1,378,765 shares of the stock were exchanged, compared to its average volume of 1,437,055. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 27.68 and a beta of 1.53. WisdomTree has a 12-month low of $7.96 and a 12-month high of $12.45. The stock has a 50-day moving average of $9.35 and a 200 day moving average of $10.13. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that WisdomTree will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.40%. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

Insider Buying and Selling at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were 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 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 this hyperlink. 7.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in WisdomTree by 2.8% in the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock valued at $360,000 after buying an additional 986 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in WisdomTree by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock valued at $335,000 after buying an additional 1,000 shares in the last quarter. Navellier & Associates Inc. increased its holdings in WisdomTree by 11.4% in the fourth quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock valued at $160,000 after buying an additional 1,556 shares in the last quarter. Federated Hermes Inc. increased its holdings in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after buying an additional 1,777 shares in the last quarter. Finally, EntryPoint Capital LLC increased its holdings in WisdomTree by 6.7% in the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company’s stock valued at $311,000 after buying an additional 1,870 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.