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 stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.33, for a total transaction of $333,250.00. Following the completion of the transaction, the chief operating officer directly owned 1,048,638 shares of the company's stock, valued at $13,978,344.54. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

WisdomTree Trading Up 0.1%

WisdomTree stock traded up $0.02 during mid-day trading on Wednesday, hitting $13.61. 4,552,515 shares of the stock were exchanged, compared to its average volume of 2,040,856. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 0.82. WisdomTree, Inc. has a 12 month low of $7.47 and a 12 month high of $13.79. The firm's fifty day simple moving average is $11.95 and its two-hundred day simple moving average is $10.05. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 34.90 and a beta of 1.16.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 net margin of 16.25% and a return on equity of 25.17%. The company's revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 EPS. Analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

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

Institutional Trading of WisdomTree

Several large investors have recently modified their holdings of WT. Quarry LP grew its position in WisdomTree by 1,778.5% in the 4th quarter. Quarry LP now owns 2,799 shares of the company's stock valued at $29,000 after purchasing an additional 2,650 shares during the period. Byrne Asset Management LLC lifted its stake in WisdomTree by 114.0% during the 1st quarter. Byrne Asset Management LLC now owns 3,852 shares of the company's stock valued at $34,000 after acquiring an additional 2,052 shares in the last quarter. Versant Capital Management Inc lifted its stake in WisdomTree by 310.5% during the 1st quarter. Versant Capital Management Inc now owns 5,263 shares of the company's stock valued at $47,000 after acquiring an additional 3,981 shares in the last quarter. Federated Hermes Inc. lifted its stake in WisdomTree by 60.7% during 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. Finally, Traub Capital Management LLC bought a new position in WisdomTree during the 2nd quarter valued at $58,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on WT shares. Craig Hallum reissued a "buy" rating on shares of WisdomTree in a report on Monday, August 4th. Morgan Stanley raised their price objective on shares of WisdomTree from $9.75 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Oppenheimer raised their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Northcoast Research upgraded shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of WisdomTree from a "sell" rating to a "neutral" rating and raised their price objective for the company from $9.50 to $11.90 in a report on Friday, June 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.90.

WisdomTree Company 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.

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