WisdomTree, Inc. $WT Position Decreased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS cut its stake in WisdomTree, Inc. (NYSE:WT) by 19.8% in the third quarter, Holdings Channel.com reports. The firm owned 693,949 shares of the company’s stock after selling 171,168 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in WisdomTree were worth $16,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WT. Pictet Asset Management Holding SA boosted its stake in WisdomTree by 9.6% during the third quarter. Pictet Asset Management Holding SA now owns 24,055 shares of the company’s stock worth $584,000 after buying an additional 2,108 shares during the last quarter. CenterBook Partners LP acquired a new stake in shares of WisdomTree in the 3rd quarter worth $528,000. Kestra Advisory Services LLC acquired a new stake in shares of WisdomTree in the 3rd quarter worth $475,000. Team Financial Group LLC acquired a new stake in shares of WisdomTree in the 3rd quarter worth $49,000. Finally, Integrity Alliance LLC. purchased a new position in shares of WisdomTree during the 3rd quarter worth $272,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Northland Securities boosted their price target on shares of WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Wall Street Zen cut shares of WisdomTree from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Oppenheimer lifted their target price on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $26.00 target price on shares of WisdomTree in a research note on Thursday, August 27th. Finally, Craig Hallum boosted their target price on shares of WisdomTree from $24.00 to $29.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.72.

WisdomTree Stock Performance

NYSE:WT opened at $19.46 on Friday. WisdomTree, Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $25.91. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.20 and a current ratio of 3.54. The company has a 50 day moving average price of $22.66 and a 200 day moving average price of $19.17. The stock has a market capitalization of $2.95 billion, a P/E ratio of 27.40 and a beta of 1.18.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. WisdomTree had a return on equity of 40.93% and a net margin of 16.64%. The company had revenue of $179.38 million for the quarter, compared to analyst estimates of $180.68 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. Equities research analysts forecast that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Wednesday, November 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. WisdomTree’s payout ratio is presently 16.90%.

Insider Buying and Selling at WisdomTree

In other news, COO R. Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total value of $736,800.00. Following the completion of the sale, the chief operating officer directly owned 1,080,245 shares of the company’s stock, valued at approximately $26,530,817.20. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.10% of the company’s stock.

About WisdomTree

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.