Amalgamated Bank Purchases 986 Shares of WisdomTree, Inc. (NYSE:WT)

Amalgamated Bank increased its position in WisdomTree, Inc. (NYSE:WT) by 2.8% during the third quarter, HoldingsChannel.com reports. The firm owned 36,023 shares of the company’s stock after acquiring an additional 986 shares during the quarter. Amalgamated Bank’s holdings in WisdomTree were worth $360,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in shares of WisdomTree during the 2nd quarter valued at about $27,000. CWM LLC increased its position 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 purchasing an additional 1,268 shares during the last quarter. Gladius Capital Management LP purchased a new stake in shares of WisdomTree during the 2nd quarter valued at about $32,000. GAMMA Investing LLC increased its position 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 purchasing an additional 1,761 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of WisdomTree during the 3rd quarter valued at about $105,000. Institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WT shares. UBS Group upped their price target on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Craig Hallum increased their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Oppenheimer increased 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 reissued a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Finally, Northland Securities increased their target price on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $12.25.

WisdomTree Stock Performance

WT stock opened at $11.53 on Monday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 39.76 and a beta of 1.43. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. WisdomTree, Inc. has a twelve month low of $6.24 and a twelve month high of $12.02. The business’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.06.

WisdomTree Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, November 6th. WisdomTree’s dividend payout ratio is presently 41.38%.

Insiders Place Their Bets

In related news, CEO Jonathan L. Steinberg purchased 67,869 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $10.84 per share, with a total value 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 $100,169,263.88. The trade was a 0.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.80% of the company’s stock.

WisdomTree 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.