Gabelli Funds LLC Has $1.15 Million Position in WisdomTree, Inc. (NYSE:WT)

Gabelli Funds LLC increased its holdings in WisdomTree, Inc. (NYSE:WT) by 448.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,717 shares of the company’s stock after purchasing an additional 89,717 shares during the period. Gabelli Funds LLC owned approximately 0.08% of WisdomTree worth $1,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Navellier & Associates Inc. grew its holdings in shares of WisdomTree by 11.4% in the 4th quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock worth $160,000 after purchasing an additional 1,556 shares during the last quarter. Federated Hermes Inc. boosted its position in WisdomTree by 60.7% in the fourth quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock valued at $49,000 after buying an additional 1,777 shares in the last quarter. EntryPoint Capital LLC grew its stake in WisdomTree by 6.7% during the fourth quarter. EntryPoint Capital LLC now owns 29,622 shares of the company’s stock worth $311,000 after buying an additional 1,870 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of WisdomTree by 11.6% during the fourth quarter. Bank of Montreal Can now owns 18,702 shares of the company’s stock worth $196,000 after buying an additional 1,951 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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 acquiring an additional 2,405 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Insider Buying and Selling at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares of the company’s stock, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Trading Up 0.3 %

WT stock opened at $8.21 on Friday. The business has a fifty day moving average of $8.76 and a 200-day moving average of $9.90. The company has a market cap of $1.21 billion, a P/E ratio of 26.47 and a beta of 1.26. WisdomTree, Inc. has a twelve month low of $7.47 and a twelve month high of $12.45. 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 released its earnings results on Friday, January 31st. The company reported $0.17 earnings per share (EPS) 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%. As a group, equities research analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio is presently 38.71%.

Analyst Ratings Changes

A number of research firms recently commented on WT. Keefe, Bruyette & Woods decreased their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group decreased their price objective on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.42.

WisdomTree 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.