ArrowMark Colorado Holdings LLC Lowers Position in WisdomTree, Inc. (NYSE:WT)

ArrowMark Colorado Holdings LLC trimmed its stake in WisdomTree, Inc. (NYSE:WT) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,059,712 shares of the company’s stock after selling 1,377,350 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 4.83% of WisdomTree worth $70,527,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. lifted its stake in WisdomTree by 164.8% during the third quarter. Benjamin Edwards Inc. now owns 30,755 shares of the company’s stock worth $307,000 after purchasing an additional 19,139 shares during the last quarter. Azora Capital LP grew its holdings in shares of WisdomTree by 12.1% during the 3rd quarter. Azora Capital LP now owns 10,609,577 shares of the company’s stock valued at $105,990,000 after purchasing an additional 1,142,151 shares during the last quarter. Edgestream Partners L.P. bought a new stake in WisdomTree in the third quarter worth $781,000. Verition Fund Management LLC increased its holdings in shares of WisdomTree by 243.3% in the third quarter. Verition Fund Management LLC now owns 42,552 shares of the company’s stock worth $425,000 after buying an additional 30,158 shares during the period. Finally, Crawford Fund Management LLC increased its stake in WisdomTree by 34.0% in the 3rd 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 during the period. 78.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

WisdomTree Price Performance

WT opened at $11.95 on Monday. WisdomTree, Inc. has a 12-month low of $6.24 and a 12-month high of $12.45. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 41.21 and a beta of 1.43. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $10.66 and a two-hundred day simple moving average of $10.24.

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.00%. The ex-dividend date was Wednesday, November 6th. WisdomTree’s payout ratio is currently 41.38%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. UBS Group upped their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

WisdomTree 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.