Insider Selling: WisdomTree (NYSE:WT) Insider Sells 15,000 Shares of Stock

Key Points

• David Yates sold 15,000 shares of WisdomTree on May 5 at an average price of $18.06 for $270,900, reducing his ownership by 8.7% to 157,499 shares (≈$2.84M).
• Quarterly results beat expectations: WisdomTree reported $0.27 EPS (vs. $0.25 est.) and revenue up 47.5% YoY, and the stock jumped about 4.4% to $19.04 on higher-than-average volume.
• The company declared a $0.03 quarterly dividend (annualized $0.12, yield ~0.6%, ex-dividend May 13), and analysts hold a consensus "Moderate Buy" with an average target of $18.47.

WisdomTree, Inc. (NYSE:WT - Get Free Report) insider David Yates sold 15,000 shares of WisdomTree stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $18.06, for a total transaction of $270,900.00. Following the completion of the transaction, the insider directly owned 157,499 shares in the company, valued at approximately $2,844,431.94. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

WisdomTree Trading Up 4.4%

Shares of NYSE WT traded up $0.80 during mid-day trading on Wednesday, hitting $19.04. The stock had a trading volume of 4,896,904 shares, compared to its average volume of 3,795,467. The company has a debt-to-equity ratio of 2.37, a quick ratio of 4.18 and a current ratio of 4.57. WisdomTree, Inc. has a 1 year low of $9.10 and a 1 year high of $19.15. The business has a 50 day moving average price of $15.94 and a two-hundred day moving average price of $14.17. The firm has a market cap of $2.90 billion, a P/E ratio of 46.43 and a beta of 1.13.

WisdomTree (NYSE:WT - Get Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The company had revenue of $159.50 million for the quarter, compared to the consensus estimate of $156.96 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was up 47.5% on a year-over-year basis. On average, equities analysts anticipate that WisdomTree, Inc. will post 1.08 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, May 13th. WisdomTree's payout ratio is presently 29.27%.

Analysts Set New Price Targets

Several research analysts recently commented on WT shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $16.80 target price on shares of WisdomTree in a research note on Tuesday. Northland Securities set a $20.00 target price on shares of WisdomTree in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of WisdomTree in a research note on Wednesday, January 21st. Morgan Stanley set a $18.00 target price on shares of WisdomTree in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of WisdomTree from a "hold" rating to a "buy" rating in a report on Sunday. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.47.

Institutional Trading of WisdomTree

Several large investors have recently added to or reduced their stakes in WT. Team Financial Group LLC bought a new stake in WisdomTree in the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in WisdomTree by 163.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,454 shares of the company's stock valued at $30,000 after acquiring an additional 1,521 shares in the last quarter. Quarry LP boosted its holdings in WisdomTree by 1,679.0% in the third quarter. Quarry LP now owns 2,206 shares of the company's stock valued at $31,000 after acquiring an additional 2,082 shares in the last quarter. Quattro Advisors LLC bought a new stake in WisdomTree in the fourth quarter valued at $31,000. Finally, First Horizon Corp bought a new stake in WisdomTree in the third quarter valued at $32,000. Institutional investors own 78.64% of the company's stock.

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.

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