Key Points
- COO R. Jarrett Lilien sold 12,500 shares on Nov. 25 at an average price of $11.01 for $137,625, trimming his position by 1.24% to 998,638 shares; he also sold 25,000 shares on Nov. 12.
- Recent quarter beat expectations: WisdomTree reported $0.23 EPS vs. $0.21 estimate and revenue of $125.62M (up 11% YoY), and announced a $0.03 quarterly dividend (annualized $0.12, ~1.1% yield).
- Valuation and analyst view: The firm has a $1.55B market cap and a 28.19 P/E, institutional ownership around 78.6%, and a consensus "Moderate Buy" with a $13.88 target price.
WisdomTree, Inc. (NYSE:WT - Get Free Report) COO R Jarrett Lilien sold 12,500 shares of the business's stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the transaction, the chief operating officer owned 998,638 shares in the company, valued at $10,995,004.38. This trade represents a 1.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
R Jarrett Lilien also recently made the following trade(s):
- On Wednesday, November 12th, R Jarrett Lilien sold 25,000 shares of WisdomTree stock. The stock was sold at an average price of $11.77, for a total value of $294,250.00.
WisdomTree Stock Down 0.1%
Shares of WisdomTree stock opened at $11.00 on Wednesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 28.19 and a beta of 1.17. The stock has a 50-day simple moving average of $12.64 and a 200-day simple moving average of $12.19. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $14.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04.
WisdomTree (NYSE:WT - Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $125.62 million for the quarter, compared to analyst estimates of $122.00 million. WisdomTree had a net margin of 16.25% and a return on equity of 25.17%. The company's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.
WisdomTree Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.1%. WisdomTree's dividend payout ratio is currently 18.46%.
Institutional Trading of WisdomTree
Several hedge funds have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new position in WisdomTree in the 3rd quarter worth approximately $178,000. CANADA LIFE ASSURANCE Co grew its stake in shares of WisdomTree by 9.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 141,259 shares of the company's stock worth $1,959,000 after acquiring an additional 11,962 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of WisdomTree in the third quarter worth $1,001,000. Voloridge Investment Management LLC increased its position in WisdomTree by 61.9% during the third quarter. Voloridge Investment Management LLC now owns 1,525,539 shares of the company's stock worth $21,205,000 after acquiring an additional 583,484 shares during the period. Finally, Quarry LP raised its stake in WisdomTree by 1,679.0% during the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock valued at $31,000 after purchasing an additional 2,082 shares during the last quarter. Institutional investors own 78.64% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on WT shares. Craig Hallum restated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Northland Securities set a $16.00 target price on WisdomTree in a report on Wednesday, September 3rd. Morgan Stanley upped their target price on WisdomTree from $12.50 to $13.50 and gave the stock an "equal weight" rating in a research report on Monday, October 6th. Finally, Weiss Ratings upgraded WisdomTree from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, WisdomTree has a consensus rating of "Moderate Buy" and a consensus target price of $13.88.
Read Our Latest Stock Analysis on WisdomTree
WisdomTree Company Profile
(
Get Free Report)
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.
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