WisdomTree, Inc. (NYSE:WT) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of WisdomTree, Inc. (NYSE:WT) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,529 shares of the company’s stock after selling 1,935 shares during the period. Public Employees Retirement Association of Colorado’s holdings in WisdomTree were worth $216,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Truist Financial Corp grew its position in WisdomTree by 142.9% during the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after buying an additional 43,293 shares during the period. Barclays PLC boosted its stake in shares of WisdomTree by 201.3% during the 3rd quarter. Barclays PLC now owns 268,668 shares of the company’s stock worth $2,684,000 after acquiring an additional 179,493 shares in the last quarter. Caas Capital Management LP grew its holdings in shares of WisdomTree by 73.8% in the 4th quarter. Caas Capital Management LP now owns 129,184 shares of the company’s stock worth $1,356,000 after acquiring an additional 54,863 shares during the period. Gabelli Funds LLC increased its stake in WisdomTree by 448.6% in the 4th quarter. Gabelli Funds LLC now owns 109,717 shares of the company’s stock valued at $1,152,000 after purchasing an additional 89,717 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in WisdomTree by 146.1% during the fourth quarter. Principal Securities Inc. now owns 12,858 shares of the company’s stock worth $135,000 after purchasing an additional 7,633 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

WisdomTree Stock Up 4.9 %

Shares of NYSE:WT opened at $9.16 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.92 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $1.35 billion, a P/E ratio of 29.55 and a beta of 1.26. WisdomTree, Inc. has a 52-week low of $7.47 and a 52-week high of $12.45. The stock’s fifty day simple moving average is $8.59 and its 200-day simple moving average is $9.82.

WisdomTree (NYSE:WT) last released its earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $108.08 million for the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. As a group, equities research analysts forecast that WisdomTree, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 value of $897,972.60. Following the completion of the sale, the insider now 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 the SEC website. 7.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WT. The Goldman Sachs Group dropped their price target on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research report on Monday, April 14th. Keefe, Bruyette & Woods dropped their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, WisdomTree presently 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.