WisdomTree (NYSE:WT) Trading 4.5% Higher After Insider Buying Activity

WisdomTree, Inc. (NYSE:WT)’s stock price traded up 4.5% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $11.54 and last traded at $11.53. 1,231,459 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 1,296,972 shares. The stock had previously closed at $11.03.

Specifically, CEO Jonathan L. Steinberg bought 67,869 shares of WisdomTree stock in a transaction that occurred on Friday, November 8th. The stock was purchased 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 owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

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

WisdomTree Stock Down 2.6 %

The firm has a market cap of $1.66 billion, a P/E ratio of 39.07 and a beta of 1.43. The business’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.02. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36.

WisdomTree Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CWM LLC grew its stake in WisdomTree by 85.8% in the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock valued at $27,000 after buying an additional 1,268 shares during the last quarter. Headlands Technologies LLC acquired a new stake in WisdomTree in the 2nd quarter worth $27,000. Gladius Capital Management LP acquired a new stake in WisdomTree in the 2nd quarter worth $32,000. GAMMA Investing LLC grew its position in WisdomTree by 76.8% in 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 during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in WisdomTree in the 1st quarter worth $105,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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.