Insider Selling: WisdomTree, Inc. (NYSE:WT) COO Sells 25,000 Shares of Stock

Key Points

• WisdomTree, Inc. COO R Jarrett Lilien sold 25,000 shares of the company's stock at an average price of $13.33, totaling $333,250, which marks a 2.33% decrease in his position.
• The firm reported a quarterly revenue of $112.60 million, exceeding analyst estimates, and a net margin of 16.25% with an earnings per share (EPS) of $0.18, consistent with consensus expectations.
• WisdomTree announced a quarterly dividend of $0.03 per share, with an annualized dividend of $0.12 and a dividend yield of 0.9%, reflecting a payout ratio of 30.77%.

WisdomTree, Inc. (NYSE:WT - Get Free Report) COO R Jarrett Lilien sold 25,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.33, for a total value of $333,250.00. Following the transaction, the chief operating officer directly owned 1,048,638 shares in the company, valued at $13,978,344.54. This trade represents a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

WisdomTree Price Performance

Shares of NYSE:WT traded up $0.15 during midday trading on Monday, reaching $13.56. The company's stock had a trading volume of 709,168 shares, compared to its average volume of 2,089,551. The business's fifty day simple moving average is $12.17 and its 200-day simple moving average is $10.13. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.44 and a quick ratio of 1.04. The company has a market capitalization of $1.99 billion, a P/E ratio of 34.76 and a beta of 1.16. WisdomTree, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $13.79.

WisdomTree (NYSE:WT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%. The company's revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. As a group, equities research analysts expect that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th will be issued a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. WisdomTree's dividend payout ratio (DPR) is presently 30.77%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quarry LP raised its stake in shares of WisdomTree by 1,778.5% during the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock worth $29,000 after purchasing an additional 2,650 shares in the last quarter. Byrne Asset Management LLC increased its position in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock worth $34,000 after buying an additional 2,052 shares during the period. Federated Hermes Inc. raised its holdings in WisdomTree by 60.7% in the 4th quarter. Federated Hermes Inc. now owns 4,705 shares of the company's stock valued at $49,000 after acquiring an additional 1,777 shares in the last quarter. Traub Capital Management LLC acquired a new position in WisdomTree in the second quarter valued at about $58,000. Finally, Versant Capital Management Inc lifted its holdings in shares of WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock worth $47,000 after acquiring an additional 3,981 shares during the period. 78.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WT has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on WisdomTree from $11.50 to $12.50 and gave the stock an "equal weight" rating in a research note on Monday. The Goldman Sachs Group upgraded WisdomTree from a "sell" rating to a "neutral" rating and lifted their price target for the company from $9.50 to $11.90 in a report on Friday, June 27th. Oppenheimer upped their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Northcoast Research raised WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, July 2nd. Finally, Craig Hallum reiterated a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, WisdomTree presently has a consensus rating of "Moderate Buy" and an average target price of $13.15.

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.