Horizon Kinetics Asset Management LLC Reduces Position in WisdomTree, Inc. (NYSE:WT)

Horizon Kinetics Asset Management LLC cut its position in shares of WisdomTree, Inc. (NYSE:WT) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,338 shares of the company’s stock after selling 1,964 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in WisdomTree were worth $2,146,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WT. Smartleaf Asset Management LLC boosted its stake in shares of WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after purchasing an additional 2,405 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of WisdomTree during the 4th quarter worth about $60,000. KBC Group NV boosted its stake in shares of WisdomTree by 48.4% during the 4th quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after purchasing an additional 2,540 shares during the period. Cooper Financial Group purchased a new position in shares of WisdomTree during the 4th quarter worth about $111,000. Finally, Versor Investments LP purchased a new position in shares of WisdomTree during the 3rd quarter worth about $134,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

WisdomTree Price Performance

Shares of WT opened at $8.55 on Monday. The company has a 50 day moving average price of $9.40 and a 200-day moving average price of $10.16. WisdomTree, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $12.45. The stock has a market capitalization of $1.26 billion, a PE ratio of 27.56 and a beta of 1.53. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Equities analysts predict that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a dividend yield of 1.40%. WisdomTree’s payout ratio is presently 38.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WT shares. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.54.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.80% of the company’s stock.

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.