Envestnet Portfolio Solutions Inc. Takes $172,000 Position in WisdomTree, Inc. (NYSE:WT)

Envestnet Portfolio Solutions Inc. bought a new position in shares of WisdomTree, Inc. (NYSE:WT) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 16,353 shares of the company’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in WisdomTree in the fourth quarter valued at approximately $2,932,000. AlphaQuest LLC raised its stake in shares of WisdomTree by 114.6% in the fourth quarter. AlphaQuest LLC now owns 80,865 shares of the company’s stock valued at $849,000 after buying an additional 43,177 shares during the period. Amundi lifted its position in shares of WisdomTree by 119.1% during the 4th quarter. Amundi now owns 63,148 shares of the company’s stock valued at $607,000 after buying an additional 34,323 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of WisdomTree by 498.8% during the 4th quarter. Edgestream Partners L.P. now owns 468,117 shares of the company’s stock worth $4,915,000 after acquiring an additional 389,945 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in WisdomTree in the 4th quarter worth about $4,262,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

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

WisdomTree Price Performance

WisdomTree stock opened at $8.97 on Friday. The business has a 50-day simple moving average of $9.26 and a 200 day simple moving average of $10.09. WisdomTree, Inc. has a 52 week low of $7.96 and a 52 week high of $12.45. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 28.92 and a beta of 1.53. The company has a quick ratio of 2.13, a current ratio of 2.92 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 for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. On average, research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s payout ratio is 38.71%.

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.