Insider Selling: WisdomTree (NYSE:WT) COO Sells $569,700.00 in Stock

WisdomTree, Inc. (NYSE:WT) COO R Jarrett Lilien sold 30,000 shares of WisdomTree stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.99, for a total value of $569,700.00. Following the completion of the sale, the chief operating officer owned 1,110,245 shares in the company, valued at approximately $21,083,552.55. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

R Jarrett Lilien also recently made the following trade(s):

• On Wednesday, February 25th, R Jarrett Lilien sold 30,000 shares of WisdomTree stock. The stock was sold at an average price of $16.84, for a total value of $505,200.00.

WisdomTree Trading Down 0.5%

WT stock opened at $19.08 on Friday. The company has a current ratio of 4.57, a quick ratio of 4.18 and a debt-to-equity ratio of 2.37. WisdomTree, Inc. has a 12-month low of $9.24 and a 12-month high of $19.85. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 46.54 and a beta of 1.13. The business’s 50-day moving average is $16.54 and its 200 day moving average is $14.78.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a return on equity of 33.31% and a net margin of 11.26%.The business’s revenue was up 47.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. On average, sell-side analysts anticipate that WisdomTree, Inc. will post 1.13 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be given a $0.03 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. WisdomTree’s dividend payout ratio is 29.27%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC lifted its holdings in WisdomTree by 6.3% in the fourth quarter. Sowell Financial Services LLC now owns 11,518 shares of the company’s stock valued at $140,000 after acquiring an additional 680 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in WisdomTree by 3.9% in the fourth quarter. Russell Investments Group Ltd. now owns 20,605 shares of the company’s stock valued at $251,000 after acquiring an additional 778 shares during the last quarter. Cooper Financial Group lifted its holdings in WisdomTree by 6.6% in the fourth quarter. Cooper Financial Group now owns 12,849 shares of the company’s stock valued at $157,000 after acquiring an additional 799 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in WisdomTree by 9.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,220 shares of the company’s stock valued at $170,000 after acquiring an additional 1,068 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in WisdomTree by 5.3% in the first quarter. Pictet Asset Management Holding SA now owns 21,947 shares of the company’s stock valued at $320,000 after acquiring an additional 1,108 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WT has been the subject of a number of analyst reports. Wall Street Zen upgraded WisdomTree from a “hold” rating to a “buy” rating in a research report on Tuesday, May 19th. Oppenheimer upped their price target on WisdomTree from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $18.00 price target on WisdomTree in a research report on Thursday, April 30th. Raymond James Financial initiated coverage on WisdomTree in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Northland Securities set a $20.00 price target on WisdomTree in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, WisdomTree currently has a consensus rating of “Moderate Buy” and an average target price of $18.47.

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.