The Manufacturers Life Insurance Company Reduces Stock Holdings in WisdomTree, Inc. (NYSE:WT)

The Manufacturers Life Insurance Company lessened its stake in shares of WisdomTree, Inc. (NYSE:WT) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,508 shares of the company’s stock after selling 1,171 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in WisdomTree were worth $694,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. CWM LLC boosted 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 valued at $27,000 after purchasing an additional 1,268 shares during the period. Headlands Technologies LLC acquired a new stake in WisdomTree in the second quarter valued at approximately $27,000. Gladius Capital Management LP acquired a new stake 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 acquiring an additional 1,761 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in WisdomTree in the third quarter valued at approximately $105,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WT. UBS Group raised their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

Insider Activity at WisdomTree

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the transaction, the insider now directly owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jonathan L. Steinberg bought 67,869 shares of WisdomTree stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the acquisition, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. This represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

WisdomTree Stock Performance

NYSE:WT opened at $11.38 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a fifty-two week low of $6.24 and a fifty-two week high of $12.45. The stock has a market cap of $1.66 billion, a PE ratio of 39.24 and a beta of 1.46. The firm’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $10.36.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a $0.03 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. WisdomTree’s payout ratio is 41.38%.

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.