Azora Capital LP Buys 1,142,151 Shares of WisdomTree, Inc. (NYSE:WT)

Azora Capital LP increased its stake in shares of WisdomTree, Inc. (NYSE:WT) by 12.1% in the third quarter, Holdings Channel.com reports. The firm owned 10,609,577 shares of the company’s stock after buying an additional 1,142,151 shares during the quarter. WisdomTree comprises approximately 5.7% of Azora Capital LP’s investment portfolio, making the stock its 3rd biggest position. Azora Capital LP owned 0.07% of WisdomTree worth $105,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WT. Bank of New York Mellon Corp boosted its stake in shares of WisdomTree by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 3,042,815 shares of the company’s stock valued at $30,154,000 after purchasing an additional 25,759 shares in the last quarter. FMR LLC raised its holdings in WisdomTree by 390.7% in the 3rd quarter. FMR LLC now owns 2,859,073 shares of the company’s stock valued at $28,562,000 after buying an additional 2,276,452 shares during the last quarter. Victory Capital Management Inc. boosted its position in WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after buying an additional 410,348 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in WisdomTree by 6.5% during the 3rd 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, Kornitzer Capital Management Inc. KS increased its position in WisdomTree by 58.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 917,830 shares of the company’s stock valued at $9,169,000 after acquiring an additional 337,800 shares during the period. Institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. UBS Group lifted their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, WisdomTree presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Trading Up 1.6 %

WT opened at $11.95 on Monday. WisdomTree, Inc. has a twelve month low of $6.24 and a twelve month high of $12.45. The company has a fifty day moving average of $10.66 and a 200-day moving average of $10.24. The stock has a market cap of $1.75 billion, a PE ratio of 41.21 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 dividend on an annualized basis and a yield of 1.00%. WisdomTree’s payout ratio is currently 41.38%.

Insider Transactions at WisdomTree

In other news, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the completion of the sale, the insider now owns 948,386 shares of the company’s stock, valued at $10,840,051.98. This trade represents a 9.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jonathan L. Steinberg acquired 67,869 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $10.84 per share, with a total value of $735,699.96. Following the purchase, the chief executive officer now directly owns 9,240,707 shares in the company, valued at $100,169,263.88. This represents a 0.74 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 7.80% 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.