WisdomTree (NYSE:WT) Shares Up 4.5% on Insider Buying Activity

WisdomTree, Inc. (NYSE:WT) shares traded up 4.5% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $11.54 and last traded at $11.53. 1,231,459 shares were traded during trading, a decline of 5% from the average session volume of 1,296,972 shares. The stock had previously closed at $11.03.

Specifically, CEO Jonathan L. Steinberg bought 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

WT has been the topic of a number of recent research reports. Northcoast Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 price target (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Northland Securities boosted their target price on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research note on Monday, July 29th. UBS Group raised their price target on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Craig Hallum raised their price target on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

WisdomTree Trading Up 5.5 %

The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16. The business has a fifty day moving average of $10.10 and a 200-day moving average of $10.01. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 40.12 and a beta of 1.43.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.03%. WisdomTree’s dividend payout ratio (DPR) is presently 41.38%.

Hedge Funds Weigh In On WisdomTree

A number of institutional investors have recently bought and sold shares of the stock. Amalgamated Bank grew its position in WisdomTree by 2.8% during the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after purchasing an additional 986 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of WisdomTree by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock valued at $335,000 after acquiring an additional 1,000 shares during the last quarter. Impact Partnership Wealth LLC raised its position in shares of WisdomTree by 3.3% in the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock valued at $344,000 after purchasing an additional 1,108 shares during the period. Texas Permanent School Fund Corp lifted its position in WisdomTree by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company’s stock worth $888,000 after acquiring an additional 1,247 shares during the last quarter. Finally, CWM LLC increased its stake in shares of WisdomTree by 85.8% in the second quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 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.