Crawford Fund Management LLC Purchases 126,700 Shares of WisdomTree, Inc. (NYSE:WT)

Crawford Fund Management LLC boosted its position in shares of WisdomTree, Inc. (NYSE:WT) by 34.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 499,874 shares of the company’s stock after purchasing an additional 126,700 shares during the quarter. WisdomTree comprises 1.1% of Crawford Fund Management LLC’s holdings, making the stock its 16th biggest position. Crawford Fund Management LLC owned 0.34% of WisdomTree worth $4,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WT. Price T Rowe Associates Inc. MD grew its position in shares of WisdomTree by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 628,393 shares of the company’s stock worth $5,776,000 after buying an additional 41,119 shares during the period. Bayesian Capital Management LP acquired a new position in shares of WisdomTree during the 1st quarter worth about $105,000. Kennedy Capital Management LLC grew its position in shares of WisdomTree by 3.7% during the 1st quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company’s stock worth $357,000 after buying an additional 1,383 shares during the period. Virtu Financial LLC grew its position in shares of WisdomTree by 52.8% during the 1st quarter. Virtu Financial LLC now owns 20,757 shares of the company’s stock worth $191,000 after buying an additional 7,174 shares during the period. Finally, SRN Advisors LLC grew its position in shares of WisdomTree by 32.8% during the 1st quarter. SRN Advisors LLC now owns 117,515 shares of the company’s stock worth $1,080,000 after buying an additional 29,025 shares during the period. 78.64% of the stock is owned by institutional investors.

WisdomTree Trading Down 2.0 %

Shares of WisdomTree stock opened at $11.76 on Friday. WisdomTree, Inc. has a 12-month low of $6.24 and a 12-month high of $12.45. The stock has a market cap of $1.72 billion, a P/E ratio of 40.55 and a beta of 1.43. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $10.59 and its 200-day moving average is $10.20.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s dividend payout ratio is currently 41.38%.

Insider Activity at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the sale, the insider now owns 948,386 shares in the company, valued at approximately $10,840,051.98. This represents a 9.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the purchase, the chief executive officer now owns 9,240,707 shares in the company, valued at $100,169,263.88. This trade represents a 0.74 % increase in their position. The disclosure for this purchase can be found here. 7.80% of the stock is owned by company insiders.

Analyst Ratings Changes

WT has been the subject of several analyst reports. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group boosted their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

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.