WisdomTree (NYSE:WT) Stock Rating Lowered by Northcoast Research

Northcoast Research lowered shares of WisdomTree (NYSE:WT) from a buy rating to a neutral rating in a research report sent to investors on Thursday, Marketbeat reports.

Separately, UBS Group increased their target price 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, WisdomTree currently has an average rating of “Moderate Buy” and an average target price of $12.79.

WisdomTree Trading Up 0.4 %

NYSE:WT opened at $10.15 on Thursday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 35.00 and a beta of 1.46. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.16 and a current ratio of 2.88. WisdomTree has a 1 year low of $6.57 and a 1 year high of $12.45. The business has a fifty day moving average of $11.08 and a 200-day moving average of $10.45.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.18%. WisdomTree’s dividend payout ratio is currently 41.38%.

Insider Buying and Selling

In other news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares in the company, valued at approximately $138,915,000. This represents a 19.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the firm’s 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 approximately $10,840,051.98. This represents a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WisdomTree

Several hedge funds have recently made changes to their positions in WT. Victory Capital Management Inc. grew its position in WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after purchasing an additional 410,348 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of WisdomTree by 180.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock valued at $1,152,000 after buying an additional 74,173 shares during the period. Crawford Fund Management LLC grew its holdings in shares of WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock valued at $4,994,000 after acquiring an additional 126,700 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of WisdomTree by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock worth $11,899,000 after acquiring an additional 72,376 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of WisdomTree by 586.0% during the third quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock worth $2,498,000 after acquiring an additional 213,571 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.