37,688 Shares in WisdomTree, Inc. (NYSE:WT) Bought by Quest Partners LLC

Quest Partners LLC purchased a new stake in shares of WisdomTree, Inc. (NYSE:WT) during the 3rd quarter, HoldingsChannel reports. The firm purchased 37,688 shares of the company’s stock, valued at approximately $377,000.

A number of other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in WisdomTree by 92.5% in the second quarter. Victory Capital Management Inc. now owns 1,922,414 shares of the company’s stock valued at $19,051,000 after buying an additional 923,994 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new stake in shares of WisdomTree in the second quarter worth $5,748,000. Acadian Asset Management LLC purchased a new position in shares of WisdomTree during the second quarter worth $4,258,000. Marshall Wace LLP lifted its position in WisdomTree by 82.3% during the second quarter. Marshall Wace LLP now owns 772,543 shares of the company’s stock valued at $7,656,000 after purchasing an additional 348,850 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in WisdomTree by 51.6% in the second quarter. AQR Capital Management LLC now owns 720,132 shares of the company’s stock valued at $7,137,000 after purchasing an additional 245,041 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

WisdomTree Stock Performance

Shares of NYSE:WT opened at $12.00 on Monday. The business’s 50 day moving average price is $10.46 and its 200-day moving average price is $10.15. WisdomTree, Inc. has a 1 year low of $6.24 and a 1 year high of $12.21. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 41.38 and a beta of 1.43. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.88 and a quick ratio of 2.16.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a $0.03 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.00%. WisdomTree’s dividend payout ratio (DPR) is 41.38%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of WisdomTree in a report on Monday, July 29th. Northland Securities boosted their price target on WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. UBS Group raised their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Craig Hallum boosted their target price on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average target price of $12.25.

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg acquired 67,869 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average price of $10.84 per share, for a total transaction of $735,699.96. Following the acquisition, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at approximately $100,169,263.88. This trade represents a 0.74 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Peter M. Ziemba sold 100,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction of $1,143,000.00. Following the sale, the insider now directly owns 948,386 shares of the company’s stock, valued at $10,840,051.98. The trade was a 9.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

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.