Amalgamated Bank Has $360,000 Position in WisdomTree, Inc. (NYSE:WT)

Amalgamated Bank raised its holdings in WisdomTree, Inc. (NYSE:WT) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,023 shares of the company’s stock after buying an additional 986 shares during the period. Amalgamated Bank’s holdings in WisdomTree were worth $360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in shares of WisdomTree by 85.8% during the 2nd quarter. CWM LLC now owns 2,746 shares of the company’s stock worth $27,000 after buying an additional 1,268 shares during the period. Headlands Technologies LLC bought a new stake in shares of WisdomTree during the 2nd quarter worth about $27,000. Gladius Capital Management LP bought a new stake in shares of WisdomTree during the 2nd quarter worth about $32,000. GAMMA Investing LLC boosted its holdings in shares of WisdomTree by 76.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,054 shares of the company’s stock worth $40,000 after buying an additional 1,761 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of WisdomTree during the 1st quarter worth about $105,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on WT. Oppenheimer boosted their price objective on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northland Securities boosted their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a report on Monday, July 29th. Craig Hallum boosted their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group boosted their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Northcoast Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, WisdomTree has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Insider Buying and Selling at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 67,869 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $10.84 per share, with a total value of $735,699.96. Following the completion of the purchase, the chief executive officer now owns 9,240,707 shares of the company’s stock, valued at $100,169,263.88. The trade was a 0.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.80% of the stock is currently owned by company insiders.

WisdomTree Price Performance

Shares of NYSE:WT opened at $11.53 on Monday. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.68 billion, a PE ratio of 39.76 and a beta of 1.43. WisdomTree, Inc. has a twelve month low of $6.24 and a twelve month high of $12.02. The company has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $10.06.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.12 annualized dividend and a yield of 1.04%. WisdomTree’s payout ratio is presently 41.38%.

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.