Peter M. Ziemba Sells 100,000 Shares of WisdomTree, Inc. (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the transaction, the insider now owns 948,386 shares in the company, valued at $10,840,051.98. This represents a 9.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

WisdomTree Stock Down 1.0 %

Shares of NYSE WT traded down $0.11 during mid-day trading on Monday, hitting $11.42. 47,915 shares of the stock traded hands, compared to its average volume of 1,302,240. The stock has a fifty day moving average price of $10.22 and a 200-day moving average price of $10.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 39.76 and a beta of 1.43. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.02.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, November 6th. WisdomTree’s dividend payout ratio is presently 41.38%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in WisdomTree by 2.8% in the third quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after purchasing an additional 986 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in WisdomTree by 3.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock worth $335,000 after acquiring an additional 1,000 shares in the last quarter. Impact Partnership Wealth LLC grew its stake in shares of WisdomTree by 3.3% in the third quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after acquiring an additional 1,108 shares during the last quarter. CWM LLC increased its holdings in shares of WisdomTree by 85.8% during the second quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of WisdomTree by 2.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 57,500 shares of the company’s stock worth $574,000 after purchasing an additional 1,300 shares during the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

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.