Peter M. Ziemba Sells 100,000 Shares of WisdomTree, Inc. (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

WisdomTree Stock Down 0.5 %

Shares of WT opened at $11.55 on Wednesday. The company’s 50-day moving average price is $10.31 and its 200 day moving average price is $10.10. WisdomTree, Inc. has a 12-month low of $6.24 and a 12-month high of $12.02. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.69 billion, a P/E ratio of 39.83 and a beta of 1.43.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, November 6th. WisdomTree’s payout ratio is 41.38%.

Institutional Trading of WisdomTree

Hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in WisdomTree by 390.7% during the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after purchasing an additional 2,276,452 shares in the last quarter. Azora Capital LP raised its holdings in WisdomTree by 12.1% in the third quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock valued at $105,990,000 after acquiring an additional 1,142,151 shares in the last quarter. Victory Capital Management Inc. lifted its stake in WisdomTree by 92.5% in the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock worth $19,051,000 after acquiring an additional 923,994 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in WisdomTree during the 2nd quarter worth about $5,748,000. Finally, Acadian Asset Management LLC acquired a new position in shares of WisdomTree during the 2nd quarter worth about $4,258,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Northland Securities increased their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. UBS Group upped their price objective 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. Craig Hallum increased their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.25.

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.