Jonathan L. Steinberg Purchases 67,869 Shares of WisdomTree, Inc. (NYSE:WT) Stock

WisdomTree, Inc. (NYSE:WT) CEO Jonathan L. Steinberg purchased 67,869 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $10.84 per share, with a total value of $735,699.96. Following the transaction, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

WisdomTree Stock Down 2.6 %

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

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Wednesday, November 6th. WisdomTree’s dividend payout ratio (DPR) is presently 41.38%.

Institutional Investors Weigh In On WisdomTree

Hedge funds and other institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in shares of WisdomTree during the 2nd quarter worth about $27,000. CWM LLC raised its stake in shares of WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after purchasing an additional 1,268 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of WisdomTree during the 2nd quarter worth about $32,000. GAMMA Investing LLC raised its stake in shares of WisdomTree by 76.8% during 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. Finally, Park Avenue Securities LLC bought a new position in shares of WisdomTree in the 3rd quarter valued at approximately $105,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WT has been the subject of a number of recent analyst reports. 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 research report on Monday, July 29th. Oppenheimer raised their price objective on WisdomTree from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Craig Hallum raised their price objective on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Finally, UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.25.

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.