GSA Capital Partners LLP Makes New Investment in WisdomTree, Inc. (NYSE:WT)

GSA Capital Partners LLP purchased a new position in WisdomTree, Inc. (NYSE:WT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 33,307 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WT. Headlands Technologies LLC purchased a new position in shares of WisdomTree during the 2nd quarter valued at approximately $27,000. CWM LLC boosted 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 valued at $27,000 after buying an additional 1,268 shares during the last quarter. Gladius Capital Management LP purchased a new position in shares of WisdomTree during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC boosted 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 valued at $40,000 after buying an additional 1,761 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of WisdomTree during the 3rd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other WisdomTree news, insider Peter M. Ziemba sold 100,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total value of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jonathan L. Steinberg bought 67,869 shares of the company’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $10.84 per share, for a total transaction of $735,699.96. Following the completion of the transaction, the chief executive officer now directly owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. This trade represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on WT. Oppenheimer increased their target price on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Northcoast Research cut WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Craig Hallum upped their price target on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Finally, UBS Group upped their price target on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

WisdomTree Stock Performance

WT stock opened at $12.00 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.75 billion, a P/E ratio of 41.36 and a beta of 1.43. WisdomTree, Inc. has a 12-month low of $6.24 and a 12-month high of $12.21. The stock’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $10.14.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, November 6th. WisdomTree’s dividend payout ratio is presently 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.