Connor Clark & Lunn Investment Management Ltd. Invests $2.93 Million in WisdomTree, Inc. (NYSE:WT)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 279,275 shares of the company’s stock, valued at approximately $2,932,000.

Several other large investors also recently bought and sold shares of WT. Smartleaf Asset Management LLC boosted its holdings in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after acquiring an additional 2,405 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in WisdomTree in the fourth quarter worth approximately $60,000. KBC Group NV boosted its holdings in WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after purchasing an additional 2,540 shares during the last quarter. Cooper Financial Group bought a new stake in WisdomTree in the 4th quarter worth approximately $111,000. Finally, Versor Investments LP purchased a new stake in WisdomTree during the 3rd quarter valued at $134,000. 78.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

WT has been the subject of several research analyst reports. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods reduced 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 report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

WisdomTree Trading Down 0.6 %

WT stock opened at $8.50 on Tuesday. WisdomTree, Inc. has a twelve month low of $7.96 and a twelve month high of $12.45. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.40 and a beta of 1.53. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The firm’s fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $10.14.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share (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%. As a group, analysts anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is presently 38.71%.

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.