Rhumbline Advisers Sells 7,443 Shares of WisdomTree, Inc. (NYSE:WT)

Rhumbline Advisers cut its position in WisdomTree, Inc. (NYSE:WT) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,563 shares of the company’s stock after selling 7,443 shares during the quarter. Rhumbline Advisers owned about 0.25% of WisdomTree worth $3,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of WT. FMR LLC lifted its stake in WisdomTree by 390.7% during the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after purchasing an additional 2,276,452 shares during the last quarter. Azora Capital LP lifted its position in WisdomTree by 12.1% in the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock worth $105,990,000 after buying an additional 1,142,151 shares during the last quarter. Victory Capital Management Inc. boosted its stake in WisdomTree by 21.3% in the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after buying an additional 410,348 shares in the last quarter. State Street Corp boosted its stake in WisdomTree by 7.6% in the third quarter. State Street Corp now owns 5,678,905 shares of the company’s stock worth $56,732,000 after buying an additional 399,839 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in WisdomTree by 58.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company’s stock valued at $9,169,000 after acquiring an additional 337,800 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WT. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, WisdomTree currently has an average rating of “Moderate Buy” and a consensus target price of $12.54.

WisdomTree Stock Up 1.8 %

Shares of WisdomTree stock opened at $9.09 on Friday. WisdomTree, Inc. has a 1 year low of $7.94 and a 1 year high of $12.45. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 29.32 and a beta of 1.47. The company has a 50-day moving average of $9.78 and a 200 day moving average of $10.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, January 31st. The company reported $0.17 earnings per share 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 anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s payout ratio is 38.71%.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the transaction, the insider now directly owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 12,250,000 shares in the company, valued at $138,915,000. This trade represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

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.