Gabelli Funds LLC Purchases 89,717 Shares of WisdomTree, Inc. (NYSE:WT)

Gabelli Funds LLC increased its holdings in shares of WisdomTree, Inc. (NYSE:WT) by 448.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,717 shares of the company’s stock after buying an additional 89,717 shares during the quarter. Gabelli Funds LLC’s holdings in WisdomTree were worth $1,152,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of WisdomTree by 3.3% during the third quarter. Geode Capital Management LLC now owns 2,914,051 shares of the company’s stock worth $29,117,000 after acquiring an additional 93,140 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in WisdomTree by 10.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,310,899 shares of the company’s stock worth $13,764,000 after purchasing an additional 119,762 shares in the last quarter. ExodusPoint Capital Management LP raised its stake in shares of WisdomTree by 127.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,162,993 shares of the company’s stock valued at $12,211,000 after purchasing an additional 651,121 shares during the period. JPMorgan Chase & Co. boosted its position in shares of WisdomTree by 157.4% during the fourth quarter. JPMorgan Chase & Co. now owns 880,489 shares of the company’s stock worth $9,245,000 after buying an additional 538,385 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of WisdomTree by 2.8% during the fourth quarter. Principal Financial Group Inc. now owns 728,345 shares of the company’s stock worth $7,648,000 after buying an additional 19,503 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.

WisdomTree Price Performance

Shares of WT opened at $8.21 on Friday. 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 company’s fifty day simple moving average is $8.76 and its 200 day simple moving average is $9.90. WisdomTree, Inc. has a 1-year low of $7.47 and a 1-year high of $12.45. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 26.47 and a beta of 1.26.

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

WisdomTree Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given 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 1.46%. WisdomTree’s payout ratio is 38.71%.

Analyst Upgrades and Downgrades

Several research firms have commented 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 decreased their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group cut their price target on shares of WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have assigned 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 “Hold” and a consensus target price of $12.42.

Insider Transactions at WisdomTree

In other WisdomTree news, insider Alexis Marinof sold 90,980 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 221,146 shares of the company’s stock, valued at $2,182,711.02. This trade represents a 29.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

WisdomTree Company 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.