WisdomTree (NYSE:WT) Reaches New 52-Week Low – Here’s What Happened

WisdomTree, Inc. (NYSE:WT)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $7.92 and last traded at $7.89, with a volume of 380353 shares trading hands. The stock had previously closed at $8.53.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WT shares. Northcoast Research lowered shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods cut their price objective 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree Trading Down 8.0 %

The company has a market cap of $1.15 billion, a PE ratio of 25.34 and a beta of 1.53. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average of $9.19 and a two-hundred day moving average of $10.07.

WisdomTree (NYSE:WT) last issued its 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 net margin of 15.59% and a return on equity of 24.67%. As a group, sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.53%. WisdomTree’s dividend payout ratio is presently 38.71%.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the company’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 transaction, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On WisdomTree

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its position in shares of WisdomTree by 310.5% during the first quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock worth $47,000 after acquiring an additional 3,981 shares during the last quarter. Mackenzie Financial Corp increased its stake in WisdomTree by 266.6% during the fourth quarter. Mackenzie Financial Corp now owns 77,764 shares of the company’s stock worth $817,000 after acquiring an additional 56,552 shares during the last quarter. PharVision Advisers LLC bought a new stake in WisdomTree in the fourth quarter worth about $124,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of WisdomTree by 7.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,588 shares of the company’s stock valued at $4,668,000 after buying an additional 32,509 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in WisdomTree by 25.6% during the 4th quarter. Voloridge Investment Management LLC now owns 1,194,288 shares of the company’s stock valued at $12,540,000 after acquiring an additional 243,589 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.