Smartleaf Asset Management LLC Grows Position in WisdomTree, Inc. (NYSE:WT)

Smartleaf Asset Management LLC raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 173.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,793 shares of the company’s stock after purchasing an additional 2,405 shares during the period. Smartleaf Asset Management LLC’s holdings in WisdomTree were worth $39,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Levin Capital Strategies L.P. increased its holdings in shares of WisdomTree by 31.4% during the 4th quarter. Levin Capital Strategies L.P. now owns 46,519 shares of the company’s stock worth $488,000 after buying an additional 11,129 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in WisdomTree by 99.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 66,691 shares of the company’s stock valued at $700,000 after acquiring an additional 33,191 shares during the period. SRN Advisors LLC grew its position in WisdomTree by 102.6% during the fourth quarter. SRN Advisors LLC now owns 106,000 shares of the company’s stock valued at $1,113,000 after acquiring an additional 53,684 shares during the period. Illinois Municipal Retirement Fund increased its stake in WisdomTree by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 65,395 shares of the company’s stock worth $687,000 after acquiring an additional 2,733 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of WisdomTree by 589.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 225,968 shares of the company’s stock worth $2,373,000 after purchasing an additional 193,207 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WT. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and an average target price of $12.54.

WisdomTree Stock Performance

WisdomTree stock opened at $8.64 on Wednesday. The firm has a market capitalization of $1.27 billion, a PE ratio of 27.85 and a beta of 1.53. WisdomTree, Inc. has a one year low of $7.96 and a one year high of $12.45. The stock’s 50 day moving average price is $9.51 and its 200 day moving average price is $10.19. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, January 31st. The company reported $0.17 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%. As a group, sell-side analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. WisdomTree’s dividend payout ratio is presently 38.71%.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now owns 221,146 shares of the company’s stock, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.80% of the company’s stock.

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.