Quantbot Technologies LP Raises Position in WisdomTree, Inc. (NYSE:WT)

Quantbot Technologies LP raised its stake in shares of WisdomTree, Inc. (NYSE:WT) by 586.0% during the third quarter, HoldingsChannel reports. The firm owned 250,017 shares of the company’s stock after buying an additional 213,571 shares during the quarter. Quantbot Technologies LP’s holdings in WisdomTree were worth $2,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of WisdomTree by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 628,393 shares of the company’s stock worth $5,776,000 after buying an additional 41,119 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of WisdomTree in the first quarter worth approximately $105,000. Kennedy Capital Management LLC raised its holdings in shares of WisdomTree by 3.7% in the first quarter. Kennedy Capital Management LLC now owns 38,857 shares of the company’s stock worth $357,000 after buying an additional 1,383 shares during the period. Janus Henderson Group PLC raised its holdings in shares of WisdomTree by 7.5% in the first quarter. Janus Henderson Group PLC now owns 2,788,746 shares of the company’s stock worth $25,629,000 after buying an additional 194,369 shares during the period. Finally, Virtu Financial LLC raised its holdings in shares of WisdomTree by 52.8% in the first quarter. Virtu Financial LLC now owns 20,757 shares of the company’s stock worth $191,000 after buying an additional 7,174 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

WisdomTree Trading Down 2.0 %

WT opened at $11.76 on Thursday. The stock’s fifty day moving average is $10.55 and its two-hundred day moving average is $10.19. The company has a market capitalization of $1.72 billion, a P/E ratio of 40.55 and a beta of 1.43. WisdomTree, Inc. has a 52 week low of $6.24 and a 52 week high of $12.45. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.02%. WisdomTree’s dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. UBS Group raised their price objective on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.