Navellier & Associates Inc. Boosts Holdings in WisdomTree, Inc. (NYSE:WT)

Navellier & Associates Inc. grew its position in shares of WisdomTree, Inc. (NYSE:WT) by 11.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,226 shares of the company’s stock after purchasing an additional 1,556 shares during the period. Navellier & Associates Inc.’s holdings in WisdomTree were worth $160,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Azora Capital LP raised its stake 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 valued at $105,990,000 after purchasing an additional 1,142,151 shares during the period. State Street Corp raised its stake in shares of WisdomTree by 7.6% during the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock valued at $56,732,000 after purchasing an additional 399,839 shares during the period. Geode Capital Management LLC raised its stake in shares of WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock valued at $29,117,000 after purchasing an additional 93,140 shares during the period. FMR LLC raised its stake in shares of WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after purchasing an additional 2,276,452 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following 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 position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WT shares. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.54.

WisdomTree Stock Down 0.7 %

Shares of NYSE:WT opened at $9.28 on Monday. The firm has a market cap of $1.36 billion, a PE ratio of 29.92 and a beta of 1.47. The company has a fifty day simple moving average of $9.95 and a 200 day simple moving average of $10.28. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. WisdomTree, Inc. has a 12-month low of $7.28 and a 12-month high of $12.45.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 EPS 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%. On average, equities research analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, February 12th. WisdomTree’s dividend payout ratio is presently 38.71%.

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.