WisdomTree (NYSE:WT) Reaches New 1-Year Low – Time to Sell?

Shares of WisdomTree, Inc. (NYSE:WT) reached a new 52-week low on Friday . The company traded as low as $7.92 and last traded at $7.89, with a volume of 380353 shares changing hands. The stock had previously closed at $8.53.

Analyst Ratings Changes

Several brokerages have weighed in on WT. Northcoast Research cut WisdomTree from a “buy” rating to a “neutral” rating in a research note on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.54.

WisdomTree Price Performance

The stock has a market cap of $1.17 billion, a P/E ratio of 25.63 and a beta of 1.26. The business has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $10.06. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.17 earnings per share 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%. On average, sell-side analysts forecast that WisdomTree, Inc. will post 0.72 EPS for the current year.

WisdomTree Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.51%. WisdomTree’s dividend payout ratio is presently 38.71%.

Insider Transactions at WisdomTree

In related news, insider Alexis Marinof sold 90,980 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total transaction of $897,972.60. Following the completion of the transaction, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. The trade was a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Large investors have recently modified their holdings of the business. FMR LLC increased its position in shares of WisdomTree by 390.7% in the third quarter. FMR LLC now owns 2,859,073 shares of the company’s stock worth $28,562,000 after purchasing an additional 2,276,452 shares during the last quarter. Millennium Management LLC increased its holdings in shares of WisdomTree by 532.6% in the 4th quarter. Millennium Management LLC now owns 2,031,534 shares of the company’s stock worth $21,331,000 after buying an additional 1,710,409 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of WisdomTree by 139.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,270,963 shares of the company’s stock worth $13,345,000 after buying an additional 741,134 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of WisdomTree by 127.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after buying an additional 651,121 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of WisdomTree by 358.8% during the 4th quarter. BNP Paribas Financial Markets now owns 714,010 shares of the company’s stock worth $7,497,000 after acquiring an additional 558,392 shares during the last quarter. Institutional investors own 78.64% 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.