Northcoast Research Downgrades WisdomTree (NYSE:WT) to Neutral

WisdomTree (NYSE:WT) was downgraded by Northcoast Research from a “buy” rating to a “neutral” rating in a report issued on Thursday, Marketbeat Ratings reports.

Separately, UBS Group raised their price target on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WisdomTree presently has an average rating of “Moderate Buy” and a consensus price target of $12.79.

WisdomTree Stock Up 0.4 %

Shares of WisdomTree stock opened at $10.15 on Thursday. WisdomTree has a 1 year low of $6.57 and a 1 year high of $12.45. The company has a market cap of $1.48 billion, a P/E ratio of 35.00 and a beta of 1.46. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average price of $11.08 and a 200 day moving average price of $10.45.

Insider Activity at WisdomTree

In related news, insider Etfs Capital Limited. sold 3,000,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total transaction of $34,020,000.00. Following the completion of the sale, the insider now owns 12,250,000 shares in the company, valued at $138,915,000. This trade represents a 19.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter M. Ziemba sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 948,386 shares in the company, valued at $10,840,051.98. The trade was a 9.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WisdomTree

A number of large investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in shares of WisdomTree by 21.3% during the third quarter. Victory Capital Management Inc. now owns 2,332,762 shares of the company’s stock valued at $23,304,000 after acquiring an additional 410,348 shares during the period. Dynamic Technology Lab Private Ltd increased its position in WisdomTree by 180.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 115,289 shares of the company’s stock worth $1,152,000 after purchasing an additional 74,173 shares during the period. Crawford Fund Management LLC raised its holdings in WisdomTree by 34.0% during the 3rd quarter. Crawford Fund Management LLC now owns 499,874 shares of the company’s stock worth $4,994,000 after purchasing an additional 126,700 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in WisdomTree by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,191,137 shares of the company’s stock valued at $11,899,000 after purchasing an additional 72,376 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of WisdomTree by 586.0% in the 3rd quarter. Quantbot Technologies LP now owns 250,017 shares of the company’s stock valued at $2,498,000 after purchasing an additional 213,571 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

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.