WisdomTree (NYSE:WT) Reaches New 52-Week Low – Should You Sell?

Shares of WisdomTree, Inc. (NYSE:WT) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $7.92 and last traded at $7.89, with a volume of 380353 shares traded. The stock had previously closed at $8.53.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.54.

WisdomTree Price Performance

The stock has a market cap of $1.17 billion, a P/E ratio of 25.63 and a beta of 1.26. The company’s 50 day moving average price is $9.15 and its 200-day moving average price is $10.06. 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 (NYSE:WT) last announced its earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. As a group, sell-side analysts expect that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, February 12th. WisdomTree’s dividend payout ratio is currently 38.71%.

Insider Activity at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the transaction, the insider now owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP boosted its position in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company’s stock valued at $29,000 after purchasing an additional 2,650 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in WisdomTree by 173.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock valued at $39,000 after buying an additional 2,405 shares during the period. Versant Capital Management Inc boosted its holdings in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company’s stock worth $47,000 after buying an additional 3,981 shares in the last quarter. Federated Hermes Inc. grew its position in shares of WisdomTree by 60.7% during the 4th 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. Finally, Stonebridge Financial Group LLC bought a new stake in shares of WisdomTree in the 4th quarter valued at $60,000. 78.64% of the stock is owned by institutional investors.

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.