WisdomTree, Inc. (NYSE:WT) Stake Trimmed by Jump Financial LLC

Jump Financial LLC cut its position in shares of WisdomTree, Inc. (NYSE:WT) by 53.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,889 shares of the company’s stock after selling 83,341 shares during the period. Jump Financial LLC’s holdings in WisdomTree were worth $755,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WT. Navellier & Associates Inc. increased its stake in shares of WisdomTree by 11.4% in the fourth quarter. Navellier & Associates Inc. now owns 15,226 shares of the company’s stock worth $160,000 after acquiring an additional 1,556 shares during the last quarter. Federated Hermes Inc. increased its position in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company’s stock worth $49,000 after purchasing an additional 1,777 shares during the last quarter. EntryPoint Capital LLC increased its position in WisdomTree by 6.7% in the 4th quarter. EntryPoint Capital LLC now owns 29,622 shares of the company’s stock worth $311,000 after purchasing an additional 1,870 shares during the last quarter. Bank of Montreal Can raised its stake in shares of WisdomTree by 11.6% during the 4th quarter. Bank of Montreal Can now owns 18,702 shares of the company’s stock worth $196,000 after purchasing an additional 1,951 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of WisdomTree by 173.3% during the 4th 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 last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction 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 sale, 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 link. Corporate insiders own 7.80% of the company’s stock.

WisdomTree Stock Up 3.8 %

WT opened at $8.38 on Wednesday. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The business has a 50 day moving average of $8.70 and a 200-day moving average of $9.88. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 27.02 and a beta of 1.26. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree (NYSE:WT) last posted its quarterly 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 anticipate that WisdomTree, Inc. will post 0.72 earnings per share for the current year.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 annualized dividend and a yield of 1.43%. WisdomTree’s dividend payout ratio is 38.71%.

About WisdomTree

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.