WisdomTree, Inc. (NYSE:WT) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its holdings in WisdomTree, Inc. (NYSE:WT) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,300 shares of the company’s stock after selling 2,200 shares during the period. Louisiana State Employees Retirement System’s holdings in WisdomTree were worth $581,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Amalgamated Bank lifted its stake in WisdomTree by 2.8% during the 3rd quarter. Amalgamated Bank now owns 36,023 shares of the company’s stock worth $360,000 after acquiring an additional 986 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in WisdomTree by 3.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,500 shares of the company’s stock worth $335,000 after purchasing an additional 1,000 shares during the period. Impact Partnership Wealth LLC increased its holdings in WisdomTree by 3.3% during the 3rd quarter. Impact Partnership Wealth LLC now owns 34,467 shares of the company’s stock worth $344,000 after purchasing an additional 1,108 shares during the period. Foundry Partners LLC increased its holdings in WisdomTree by 15.9% during the 3rd quarter. Foundry Partners LLC now owns 13,850 shares of the company’s stock worth $138,000 after purchasing an additional 1,900 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in WisdomTree by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,924 shares of the company’s stock worth $678,000 after purchasing an additional 2,379 shares during the period. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Trading Down 3.2 %

WT opened at $9.45 on Wednesday. WisdomTree, Inc. has a one year low of $7.20 and a one year high of $12.45. The company has a market cap of $1.38 billion, a P/E ratio of 30.47 and a beta of 1.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The business’s 50-day simple moving average is $10.08 and its 200-day simple moving average is $10.29.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. As a group, equities research analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.27%. WisdomTree’s dividend payout ratio is presently 38.71%.

Analysts Set New Price Targets

Several brokerages have weighed in on WT. UBS Group upped their price target on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.54.

Insider Buying and Selling

In related news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. This trade represents a 29.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.34, for a total value of $34,020,000.00. Following the sale, the insider now directly owns 12,250,000 shares of the company’s stock, valued at $138,915,000. The trade was a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

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.