WisdomTree, Inc. (NYSE:WT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

WisdomTree, Inc. (NYSE:WT) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.79.

WT has been the topic of a number of research analyst reports. UBS Group upped their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research lowered WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd.

Insiders Place Their Bets

In other news, CEO Jonathan L. Steinberg purchased 67,869 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, 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 owned by insiders.

Hedge Funds Weigh In On WisdomTree

Several institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in WisdomTree during the second quarter valued at approximately $27,000. GAMMA Investing LLC increased its stake in shares of WisdomTree by 76.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after purchasing an additional 1,761 shares in the last quarter. Park Avenue Securities LLC bought a new position in WisdomTree in the 3rd quarter worth $105,000. Benjamin Edwards Inc. purchased a new position in WisdomTree during the second quarter valued at $115,000. Finally, JGP Wealth Management LLC bought a new stake in WisdomTree during the third quarter valued at about $118,000. Institutional investors own 78.64% of the company’s stock.

WisdomTree Price Performance

Shares of WisdomTree stock opened at $9.65 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree has a 52 week low of $6.67 and a 52 week high of $12.45. The company has a market cap of $1.41 billion, a PE ratio of 33.28 and a beta of 1.49. The business has a 50 day moving average of $11.03 and a 200 day moving average of $10.45.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.24%. WisdomTree’s payout ratio is 41.38%.

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.