Impact Partnership Wealth LLC Has $431,000 Position in WisdomTree, Inc. (NYSE:WT)

Impact Partnership Wealth LLC raised its stake in WisdomTree, Inc. (NYSE:WT) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,084 shares of the company’s stock after buying an additional 6,617 shares during the quarter. Impact Partnership Wealth LLC’s holdings in WisdomTree were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in WisdomTree by 76.8% during the third quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock valued at $40,000 after purchasing an additional 1,761 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of WisdomTree during the 3rd quarter valued at about $105,000. Cooper Financial Group bought a new stake in shares of WisdomTree in the 4th quarter valued at approximately $111,000. JGP Wealth Management LLC acquired a new position in WisdomTree in the third quarter worth approximately $118,000. Finally, Algert Global LLC bought a new position in WisdomTree during the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insider Transactions at WisdomTree

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of WisdomTree stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares of the company’s stock, valued at $138,915,000. This trade represents a 19.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan L. Steinberg purchased 67,869 shares of the business’s stock in a transaction on Friday, November 8th. The stock was purchased at an average cost of $10.84 per share, with a total value of $735,699.96. Following the acquisition, the chief executive officer now owns 9,240,707 shares in the company, valued at approximately $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on WT. UBS Group boosted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Finally, Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and a consensus target price of $12.54.

WisdomTree Price Performance

Shares of NYSE:WT opened at $9.92 on Friday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 34.21 and a beta of 1.49. The business has a 50 day moving average price of $10.74 and a 200 day moving average price of $10.43. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a twelve month low of $6.67 and a twelve month high of $12.45.

WisdomTree 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.