WisdomTree (NYSE:WT) COO Sells $736,800.00 in Stock

WisdomTree, Inc. (NYSE:WT) COO R. Jarrett Lilien sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $24.56, for a total transaction of $736,800.00. Following the completion of the transaction, the chief operating officer directly owned 1,080,245 shares in the company, valued at $26,530,817.20. This represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

WisdomTree Trading Down 1.4%

Shares of WT opened at $23.91 on Friday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 45.99 and a beta of 1.20. The company has a debt-to-equity ratio of 2.53, a current ratio of 3.00 and a quick ratio of 2.73. WisdomTree, Inc. has a 1-year low of $10.69 and a 1-year high of $25.91. The company has a 50-day moving average of $21.80 and a 200 day moving average of $18.74.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, July 31st. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $177.16 million for the quarter, compared to the consensus estimate of $170.62 million. WisdomTree had a net margin of 13.27% and a return on equity of 39.12%. The company’s revenue for the quarter was up 57.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. On average, research analysts expect that WisdomTree, Inc. will post 1.19 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.12 annualized dividend and a yield of 0.5%. WisdomTree’s dividend payout ratio is 23.08%.

Hedge Funds Weigh In On WisdomTree

Institutional investors have recently bought and sold shares of the business. Nykredit A S purchased a new stake in WisdomTree during the second quarter worth $27,000. Team Financial Group LLC purchased a new position in shares of WisdomTree in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its position in shares of WisdomTree by 163.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company’s stock worth $30,000 after acquiring an additional 1,521 shares in the last quarter. Quarry LP lifted its stake in shares of WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company’s stock worth $31,000 after purchasing an additional 2,082 shares during the last quarter. Finally, Quattro Advisors LLC purchased a new stake in shares of WisdomTree during the 4th quarter worth $31,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WT shares. Wall Street Zen raised WisdomTree from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded WisdomTree from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. Oppenheimer raised their price target on WisdomTree from $22.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Northland Securities lifted their price objective on WisdomTree from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley set a $21.00 price objective on WisdomTree in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, WisdomTree presently has an average rating of “Hold” and an average target price of $23.66.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that operates as an exchange-traded fund (ETF) and exchange-traded product sponsor and asset manager. The company develops and manages investment strategies designed to provide exposure to equities, fixed income, currencies, commodities, alternatives and other asset classes.

Its product offerings include dividend-focused, growth and value ETFs, actively managed funds, currency and commodity products, and funds focused on environmental, social and governance themes.