State of Alaska Department of Revenue Sells 2,890 Shares of WisdomTree, Inc. (NYSE:WT)

State of Alaska Department of Revenue cut its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,034 shares of the company’s stock after selling 2,890 shares during the quarter. State of Alaska Department of Revenue’s holdings in WisdomTree were worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after buying an additional 1,761 shares in the last quarter. KBC Group NV boosted its holdings in shares of WisdomTree by 48.4% in the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock valued at $82,000 after buying an additional 2,540 shares during the period. Cooper Financial Group bought a new stake in shares of WisdomTree in the fourth quarter valued at about $111,000. Versor Investments LP acquired a new position in WisdomTree during the 3rd quarter worth approximately $134,000. Finally, Foundry Partners LLC grew its position in WisdomTree by 15.9% in the third quarter. Foundry Partners LLC now owns 13,850 shares of the company’s stock valued at $138,000 after purchasing an additional 1,900 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WT shares. UBS Group upped their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree Trading Down 0.5 %

Shares of WisdomTree stock opened at $9.76 on Friday. The company’s 50-day moving average price is $10.15 and its 200-day moving average price is $10.33. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 31.47 and a beta of 1.47. WisdomTree, Inc. has a 12-month low of $7.16 and a 12-month high of $12.45. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last posted its quarterly earnings data 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 return on equity of 24.67% and a net margin of 15.59%. On average, equities analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. WisdomTree’s payout ratio is presently 38.71%.

Insider Activity at WisdomTree

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the transaction, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. The trade was a 19.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the sale, the insider now owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. This represents a 29.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

WisdomTree 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.