WisdomTree (NYSE:WT) Downgraded to “Neutral” Rating by Northcoast Research

WisdomTree (NYSE:WT) was downgraded by investment analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a report issued on Thursday, MarketBeat Ratings reports.

Separately, UBS Group upped their price target on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.79.

WisdomTree Trading Up 0.4 %

NYSE WT opened at $10.15 on Thursday. WisdomTree has a 12 month low of $6.57 and a 12 month high of $12.45. The stock has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $10.45. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.48 billion, a PE ratio of 35.00 and a beta of 1.46.

Insider Transactions at WisdomTree

In related news, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.43, for a total value of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at approximately $10,840,051.98. The trade was a 9.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the transaction, the insider now owns 12,250,000 shares of the company’s stock, valued at approximately $138,915,000. This trade represents a 19.67 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WisdomTree

Hedge funds and other institutional investors have recently bought and sold shares of the company. Impact Partnership Wealth LLC boosted its stake in shares of WisdomTree by 497.4% during the 2nd quarter. Impact Partnership Wealth LLC now owns 33,359 shares of the company’s stock worth $331,000 after buying an additional 27,775 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new stake in WisdomTree during the second quarter worth about $5,748,000. Victory Capital Management Inc. boosted its position in WisdomTree by 92.5% during the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after purchasing an additional 923,994 shares during the last quarter. Arizona State Retirement System grew its stake in WisdomTree by 9.8% in the second quarter. Arizona State Retirement System now owns 34,009 shares of the company’s stock valued at $337,000 after purchasing an additional 3,022 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of WisdomTree during the 2nd quarter worth approximately $118,000. Institutional investors and hedge funds own 78.64% 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.