AlphaQuest LLC Acquires 43,177 Shares of WisdomTree, Inc. (NYSE:WT)

AlphaQuest LLC increased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 114.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,865 shares of the company’s stock after acquiring an additional 43,177 shares during the period. AlphaQuest LLC owned about 0.06% of WisdomTree worth $849,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Amundi grew its position in WisdomTree by 119.1% during the 4th quarter. Amundi now owns 63,148 shares of the company’s stock worth $607,000 after acquiring an additional 34,323 shares during the last quarter. Edgestream Partners L.P. grew its position in WisdomTree by 498.8% during the 4th quarter. Edgestream Partners L.P. now owns 468,117 shares of the company’s stock worth $4,915,000 after acquiring an additional 389,945 shares during the last quarter. Raymond James Financial Inc. bought a new stake in WisdomTree during the 4th quarter worth approximately $4,262,000. Charles Schwab Investment Management Inc. grew its position in WisdomTree by 10.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company’s stock worth $13,764,000 after acquiring an additional 119,762 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in WisdomTree by 173.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,793 shares of the company’s stock worth $39,000 after acquiring an additional 2,405 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods reduced 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 downgraded WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

Insider Activity

In other news, insider Alexis Marinof sold 90,980 shares of the 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 transaction, the insider now owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by company insiders.

WisdomTree Stock Down 3.2 %

NYSE:WT opened at $8.39 on Tuesday. The stock’s fifty day moving average price is $9.55 and its two-hundred day moving average price is $10.20. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 27.05 and a beta of 1.53. WisdomTree, Inc. has a 52-week low of $7.96 and a 52-week high of $12.45.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share 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%. On average, analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 1.43%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio (DPR) is currently 38.71%.

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.