WisdomTree, Inc. (NYSE:WT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of WisdomTree, Inc. (NYSE:WT) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.54.

WT has been the topic of several analyst reports. 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 on the stock in a research note on Tuesday, January 14th.

WisdomTree Stock Down 0.3 %

Shares of NYSE:WT opened at $8.47 on Wednesday. The firm’s 50 day moving average price is $9.35 and its 200 day moving average price is $10.13. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 27.31 and a beta of 1.53. WisdomTree has a fifty-two week low of $7.96 and a fifty-two week high of $12.45. 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 issued its earnings results 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 net margin of 15.59% and a return on equity of 24.67%. As a group, equities research analysts predict that WisdomTree 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. Shareholders of record on Wednesday, February 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.42%. WisdomTree’s dividend payout ratio is currently 38.71%.

Insider Buying and Selling at WisdomTree

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 transaction, the insider now directly owns 221,146 shares in the company, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WisdomTree

A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp grew its position in shares of WisdomTree by 266.6% during the fourth quarter. Mackenzie Financial Corp now owns 77,764 shares of the company’s stock worth $817,000 after acquiring an additional 56,552 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of WisdomTree during the fourth quarter worth approximately $124,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of WisdomTree by 7.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,588 shares of the company’s stock worth $4,668,000 after acquiring an additional 32,509 shares during the last quarter. Voloridge Investment Management LLC grew its position in shares of WisdomTree by 25.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,194,288 shares of the company’s stock worth $12,540,000 after acquiring an additional 243,589 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of WisdomTree by 105.0% during the fourth quarter. Squarepoint Ops LLC now owns 617,476 shares of the company’s stock worth $6,483,000 after acquiring an additional 316,223 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.