Legato Capital Management LLC Boosts Holdings in WisdomTree, Inc. (NYSE:WT)

Legato Capital Management LLC boosted its holdings in WisdomTree, Inc. (NYSE:WT) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,847 shares of the company’s stock after purchasing an additional 8,044 shares during the quarter. Legato Capital Management LLC’s holdings in WisdomTree were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Truist Financial Corp bought a new position in shares of WisdomTree during the second quarter worth $260,000. GAMMA Investing LLC increased its holdings in WisdomTree by 76.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after acquiring an additional 1,761 shares during the last quarter. Impact Partnership Wealth LLC lifted its stake in WisdomTree by 3.3% in the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after purchasing an additional 1,108 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of WisdomTree by 2.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock valued at $574,000 after purchasing an additional 1,300 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of WisdomTree by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock valued at $678,000 after purchasing an additional 2,379 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Stock Up 0.1 %

Shares of WT opened at $9.76 on Thursday. 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 business has a fifty day moving average of $10.22 and a 200 day moving average of $10.35. The company has a market cap of $1.43 billion, a PE ratio of 31.48 and a beta of 1.47. WisdomTree, Inc. has a 52-week low of $7.04 and a 52-week high of $12.45.

WisdomTree (NYSE:WT) last released its 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%. On average, sell-side analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. WisdomTree’s payout ratio is 38.71%.

Analyst Ratings Changes

WT has been the topic of a number of research analyst reports. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods lowered their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Finally, UBS Group boosted their price target on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, WisdomTree presently has an average rating of “Moderate Buy” and an average target price of $12.54.

Insider Activity at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 221,146 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,190,980 shares of company stock worth $36,060,973 in the last quarter. 7.80% of the stock is owned by company insiders.

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.