Maryland State Retirement & Pension System Sells 1,659 Shares of WisdomTree, Inc. (NYSE:WT)

Maryland State Retirement & Pension System lessened its stake in shares of WisdomTree, Inc. (NYSE:WT) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,536 shares of the company’s stock after selling 1,659 shares during the period. Maryland State Retirement & Pension System’s holdings in WisdomTree were worth $405,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of WisdomTree by 26.9% during the 3rd quarter. Principal Financial Group Inc. now owns 708,842 shares of the company’s stock valued at $7,081,000 after buying an additional 150,257 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in WisdomTree by 180.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock valued at $1,152,000 after purchasing an additional 74,173 shares in the last quarter. Truist Financial Corp boosted its position in shares of WisdomTree by 142.9% in the fourth quarter. Truist Financial Corp now owns 73,579 shares of the company’s stock worth $773,000 after purchasing an additional 43,293 shares during the period. Crawford Fund Management LLC increased its stake in shares of WisdomTree by 34.0% in the third quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after purchasing an additional 126,700 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of WisdomTree by 586.0% in the third quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock worth $2,498,000 after purchasing an additional 213,571 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WT. Northcoast Research downgraded shares of WisdomTree from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Keefe, Bruyette & Woods cut their target price on WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.54.

Insider Transactions at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the transaction, the insider now owns 221,146 shares in the company, valued at approximately $2,182,711.02. The trade was a 29.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.80% of the company’s stock.

WisdomTree Trading Up 3.1 %

Shares of WT stock opened at $9.33 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 30.10 and a beta of 1.53. WisdomTree, Inc. has a 12-month low of $7.96 and a 12-month high of $12.45. The stock’s 50-day moving average price is $9.29 and its 200-day moving average price is $10.11.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, January 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. Equities research analysts predict that WisdomTree, Inc. will post 0.72 EPS for the current fiscal year.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.03 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. WisdomTree’s payout ratio is currently 38.71%.

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.