Moran Wealth Management LLC Buys Shares of 46,127 WisdomTree, Inc. $WT

Moran Wealth Management LLC purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 46,127 shares of the company’s stock, valued at approximately $641,000.

A number of other large investors have also recently bought and sold shares of the business. Traub Capital Management LLC acquired a new position in WisdomTree during the second quarter worth $58,000. Sowell Financial Services LLC bought a new stake in shares of WisdomTree during the 2nd quarter worth about $120,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of WisdomTree during the 2nd quarter worth about $128,000. CWM LLC increased its holdings in shares of WisdomTree by 312.8% during the 2nd quarter. CWM LLC now owns 12,429 shares of the company’s stock valued at $143,000 after acquiring an additional 9,418 shares during the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of WisdomTree by 7.9% in the 2nd quarter. Personal CFO Solutions LLC now owns 13,422 shares of the company’s stock valued at $154,000 after acquiring an additional 986 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

Insider Transactions at WisdomTree

In related news, insider David M. Yates sold 6,820 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $11.12, for a total transaction of $75,838.40. Following the transaction, the insider directly owned 152,123 shares in the company, valued at $1,691,607.76. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO R Jarrett Lilien sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.01, for a total value of $137,625.00. Following the completion of the transaction, the chief operating officer directly owned 998,638 shares of the company’s stock, valued at approximately $10,995,004.38. This trade represents a 1.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 44,320 shares of company stock worth $507,713. 9.30% of the stock is owned by company insiders.

WisdomTree Trading Up 2.2%

Shares of WT stock opened at $13.45 on Friday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 20.68 and a beta of 1.08. WisdomTree, Inc. has a 1 year low of $7.47 and a 1 year high of $14.95. The firm’s fifty day simple moving average is $11.83 and its 200 day simple moving average is $12.68. The company has a current ratio of 2.82, a quick ratio of 2.41 and a debt-to-equity ratio of 2.16.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. WisdomTree had a net margin of 21.10% and a return on equity of 26.59%. The company had revenue of $125.62 million for the quarter, compared to analyst estimates of $122.00 million. During the same period last year, the business posted $0.18 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.9%. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research raised WisdomTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings upgraded shares of WisdomTree from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of WisdomTree from $13.50 to $14.75 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group cut their target price on shares of WisdomTree from $14.75 to $13.25 and set a “neutral” rating for the company in a research report on Tuesday, November 25th. Finally, Wall Street Zen upgraded shares of WisdomTree from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.08.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.