Park Avenue Securities LLC Has $305,000 Stock Holdings in WisdomTree, Inc. (NYSE:WT)

Park Avenue Securities LLC grew its position in shares of WisdomTree, Inc. (NYSE:WTFree Report) by 175.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,015 shares of the company’s stock after buying an additional 18,495 shares during the period. Park Avenue Securities LLC’s holdings in WisdomTree were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WT. American Century Companies Inc. raised its position in shares of WisdomTree by 24.9% in the second quarter. American Century Companies Inc. now owns 231,482 shares of the company’s stock valued at $2,294,000 after buying an additional 46,090 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in WisdomTree during the 2nd quarter worth $140,000. Hsbc Holdings PLC raised its holdings in WisdomTree by 3.4% in the 2nd quarter. Hsbc Holdings PLC now owns 47,546 shares of the company’s stock valued at $467,000 after acquiring an additional 1,576 shares in the last quarter. Sei Investments Co. bought a new stake in shares of WisdomTree during the 2nd quarter valued at $1,780,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of WisdomTree by 7.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 245,668 shares of the company’s stock worth $2,435,000 after purchasing an additional 16,528 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Stock Performance

NYSE:WT opened at $9.92 on Friday. WisdomTree, Inc. has a twelve month low of $6.67 and a twelve month 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. The stock’s 50-day simple moving average is $10.74 and its 200 day simple moving average is $10.44. The firm has a market capitalization of $1.45 billion, a PE ratio of 34.21 and a beta of 1.49.

Analysts Set New Price Targets

A number of research firms recently commented on WT. UBS Group boosted their price target on WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.54.

Read Our Latest Analysis on WisdomTree

Insider Transactions at WisdomTree

In other news, insider Peter M. Ziemba sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.43, for a total transaction 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. This trade represents a 9.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Etfs Capital Limited. sold 3,000,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.34, for a total value of $34,020,000.00. Following the completion of the transaction, the insider now directly owns 12,250,000 shares in the company, valued at $138,915,000. This represents a 19.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

WisdomTree Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WisdomTree (NYSE:WT)

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