Aigen Investment Management LP Makes New $571,000 Investment in WisdomTree, Inc. (NYSE:WT)

Aigen Investment Management LP bought a new stake in shares of WisdomTree, Inc. (NYSE:WT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 57,160 shares of the company’s stock, valued at approximately $571,000.

Other institutional investors have also recently modified their holdings of the company. Texas Permanent School Fund Corp raised its stake in WisdomTree by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 96,638 shares of the company’s stock valued at $888,000 after purchasing an additional 1,247 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of WisdomTree during the 1st quarter worth approximately $198,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of WisdomTree during the 1st quarter worth approximately $118,000. ProShare Advisors LLC boosted its position in shares of WisdomTree by 7.6% during the 1st quarter. ProShare Advisors LLC now owns 27,223 shares of the company’s stock worth $250,000 after acquiring an additional 1,920 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in WisdomTree in the first quarter valued at approximately $507,000. 78.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jonathan L. Steinberg acquired 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the acquisition, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Oppenheimer raised their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Northland Securities boosted their target price on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.25.

WisdomTree Stock Performance

WisdomTree stock opened at $11.33 on Thursday. The business has a 50 day moving average of $10.14 and a 200-day moving average of $10.02. The company has a market capitalization of $1.66 billion, a P/E ratio of 39.07 and a beta of 1.43. WisdomTree, Inc. has a 1 year low of $6.24 and a 1 year high of $12.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is currently 41.38%.

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.