WisdomTree, Inc. (NYSE:WT) Sees Large Decrease in Short Interest

WisdomTree, Inc. (NYSE:WT) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 15,030,000 shares, a decrease of 14.5% from the March 31st total of 17,570,000 shares. Approximately 12.6% of the company’s stock are short sold. Based on an average trading volume of 1,690,000 shares, the short-interest ratio is currently 8.9 days.

Analysts Set New Price Targets

Several brokerages recently issued reports on WT. The Goldman Sachs Group reduced their price objective on WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods reduced 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.42.

Insider Activity at WisdomTree

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

Hedge Funds Weigh In On WisdomTree

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in WisdomTree by 201.3% during the 3rd quarter. Barclays PLC now owns 268,668 shares of the company’s stock worth $2,684,000 after acquiring an additional 179,493 shares during the period. Franklin Resources Inc. bought a new stake in shares of WisdomTree during the third quarter valued at about $888,000. Nordea Investment Management AB lifted its holdings in WisdomTree by 2.6% in the fourth quarter. Nordea Investment Management AB now owns 391,208 shares of the company’s stock worth $4,100,000 after purchasing an additional 9,912 shares during the period. Cooper Financial Group bought a new position in WisdomTree in the 4th quarter valued at about $111,000. Finally, Park Avenue Securities LLC increased its stake in WisdomTree by 175.8% during the 4th quarter. Park Avenue Securities LLC now owns 29,015 shares of the company’s stock valued at $305,000 after buying an additional 18,495 shares during the period. 78.64% of the stock is owned by institutional investors.

WisdomTree Stock Performance

WT stock opened at $9.16 on Monday. WisdomTree has a 1 year low of $7.47 and a 1 year high of $12.45. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 29.55 and a beta of 1.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92. The stock’s fifty day moving average is $8.59 and its two-hundred day moving average is $9.81.

WisdomTree (NYSE:WT) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $108.47 million. During the same period last year, the firm posted $0.12 EPS. WisdomTree’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that WisdomTree will post 0.72 EPS for the current year.

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.