WisdomTree, Inc. (NYSE:WT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of WisdomTree, Inc. (NYSE:WT) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.25.

A number of brokerages recently commented on WT. Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Oppenheimer increased their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Northland Securities increased their price objective 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Finally, Craig Hallum increased their price objective 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.

Insiders Place Their Bets

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average cost of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CWM LLC raised its holdings in WisdomTree by 85.8% in the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after buying an additional 1,268 shares during the period. Headlands Technologies LLC purchased a new position in WisdomTree in the second quarter valued at approximately $27,000. Gladius Capital Management LP purchased a new position in WisdomTree in the second quarter valued at approximately $32,000. GAMMA Investing LLC raised its holdings in WisdomTree by 76.8% in the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after buying an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in WisdomTree in the first quarter valued at approximately $105,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Stock Performance

Shares of WT opened at $11.33 on Thursday. The company has a 50-day simple moving average of $10.14 and a 200-day simple moving average of $10.02. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.66 billion, a PE ratio of 39.07 and a beta of 1.43. WisdomTree has a 52-week low of $6.24 and a 52-week high of $12.02.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.06%. WisdomTree’s dividend payout ratio is currently 41.38%.

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.