Horizon Kinetics Asset Management LLC Reduces Position in WisdomTree, Inc. (NYSE:WT)

Horizon Kinetics Asset Management LLC lessened its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,338 shares of the company’s stock after selling 1,964 shares during the quarter. Horizon Kinetics Asset Management LLC owned approximately 0.14% of WisdomTree worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of WisdomTree by 21.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock worth $23,304,000 after acquiring an additional 410,348 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock worth $7,081,000 after acquiring an additional 150,257 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of WisdomTree by 180.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after acquiring an additional 74,173 shares during the last quarter. Crawford Fund Management LLC boosted its stake in shares of WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after acquiring an additional 126,700 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of WisdomTree by 142.9% during the 4th quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after acquiring an additional 43,293 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insider Buying and Selling at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $9.87, for a total value of $897,972.60. Following the sale, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by insiders.

WisdomTree Stock Performance

Shares of NYSE WT opened at $8.55 on Monday. 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 $1.26 billion, a P/E ratio of 27.56 and a beta of 1.53. The firm’s fifty day moving average is $9.40 and its two-hundred day moving average is $10.16. WisdomTree, Inc. has a 52-week low of $7.96 and a 52-week high of $12.45.

WisdomTree (NYSE:WT) last announced its quarterly 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, analysts anticipate that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.40%. WisdomTree’s dividend payout ratio is currently 38.71%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WT. Keefe, Bruyette & Woods decreased their price objective on shares of 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 downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.54.

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.