Key Points
- David Yates sold 6,820 WisdomTree shares on Dec. 2 at an average price of $11.12 for proceeds of $75,838.40, cutting his ownership by 4.29% to 152,123 shares; the sale was disclosed in an SEC filing.
- WisdomTree beat quarterly estimates with EPS of $0.23 (vs. $0.21) and revenue of $125.62M, up 11% year-over-year, and recently paid a quarterly dividend of $0.03 (annualized $0.12, ~1.1% yield).
- The stock opened at $11.17 and was trading up ~2.3%; WisdomTree has a $1.57B market cap and an average analyst rating of "Moderate Buy" with an average target of $13.88.
WisdomTree, Inc. (NYSE:WT - Get Free Report) insider David Yates sold 6,820 shares of the company's stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $11.12, for a total value of $75,838.40. Following the completion of the sale, the insider owned 152,123 shares in the company, valued at approximately $1,691,607.76. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
WisdomTree Trading Up 2.3%
Shares of WT opened at $11.17 on Thursday. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16. The stock has a market cap of $1.57 billion, a PE ratio of 17.18 and a beta of 1.14. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $14.95. The stock has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $12.23.
WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings data on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $125.62 million during the quarter, compared to analyst estimates of $122.00 million. WisdomTree had a return on equity of 26.59% and a net margin of 21.10%.The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 earnings per share. On average, sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.
WisdomTree Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.1%. WisdomTree's dividend payout ratio (DPR) is 18.46%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on WT. The Goldman Sachs Group cut their price target on shares of WisdomTree from $14.75 to $13.25 and set a "neutral" rating for the company in a report on Tuesday, November 25th. Northland Securities set a $16.00 target price on shares of WisdomTree in a research note on Wednesday, September 3rd. Wall Street Zen raised WisdomTree from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. Zacks Research raised WisdomTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on WisdomTree from $12.50 to $13.50 and gave the company an "equal weight" rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, WisdomTree currently has an average rating of "Moderate Buy" and an average target price of $13.88.
Read Our Latest Stock Analysis on WT
Institutional Trading of WisdomTree
Hedge funds have recently modified their holdings of the stock. Quarry LP raised its position in WisdomTree by 1,679.0% in the 3rd quarter. Quarry LP now owns 2,206 shares of the company's stock worth $31,000 after purchasing an additional 2,082 shares during the last quarter. First Horizon Corp acquired a new stake in shares of WisdomTree in the 3rd quarter valued at $32,000. Neo Ivy Capital Management bought a new stake in shares of WisdomTree during the third quarter worth $37,000. Federated Hermes Inc. lifted its stake in shares of WisdomTree by 105.7% during the third quarter. Federated Hermes Inc. now owns 3,011 shares of the company's stock valued at $42,000 after acquiring an additional 1,547 shares during the period. Finally, Traub Capital Management LLC acquired a new position in shares of WisdomTree during the second quarter valued at $58,000. 78.64% of the stock is owned by institutional investors.
About WisdomTree
(
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.
Further Reading
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