WisdomTree, Inc. (NYSE:WT) Short Interest Update

WisdomTree, Inc. (NYSE:WT) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 18,160,000 shares, a decrease of 16.9% from the February 13th total of 21,850,000 shares. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is currently 10.6 days. Approximately 15.7% of the company’s stock are sold short.

WisdomTree Trading Up 1.3 %

Shares of NYSE:WT traded up $0.12 during midday trading on Thursday, reaching $8.72. The company’s stock had a trading volume of 171,246 shares, compared to its average volume of 1,434,412. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 28.11 and a beta of 1.53. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. WisdomTree has a 1 year low of $7.96 and a 1 year high of $12.45. The business has a 50 day moving average price of $9.33 and a 200 day moving average price of $10.12.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, January 31st. The company reported $0.17 earnings per share 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%. Research analysts forecast that WisdomTree will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s dividend payout ratio is currently 38.71%.

Insider Buying and Selling at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total transaction of $897,972.60. Following the transaction, the insider now directly owns 221,146 shares in the company, valued at approximately $2,182,711.02. This trade represents a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.80% of the stock is currently owned by insiders.

Institutional Trading of WisdomTree

Several hedge funds and other institutional investors have recently bought and sold shares of WT. Quarry LP grew its holdings in shares of WisdomTree by 1,778.5% during the fourth quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after purchasing an additional 2,650 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of WisdomTree by 173.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after buying an additional 2,405 shares during the period. Federated Hermes Inc. boosted its position in shares of WisdomTree by 60.7% during the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock worth $49,000 after buying an additional 1,777 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of WisdomTree during the fourth quarter worth approximately $60,000. Finally, KBC Group NV boosted its position in shares of WisdomTree by 48.4% during the fourth quarter. KBC Group NV now owns 7,792 shares of the company’s stock worth $82,000 after buying an additional 2,540 shares during the period. 78.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Northcoast Research downgraded WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree Company 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.