MarketWise, Inc. (NASDAQ:MKTW) CFO Erik Mickels Acquires 940 Shares

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) CFO Erik Mickels purchased 940 shares of the stock in a transaction on Tuesday, June 17th. The shares were acquired at an average cost of $17.94 per share, for a total transaction of $16,863.60. Following the transaction, the chief financial officer now owns 69,998 shares of the company's stock, valued at approximately $1,255,764.12. The trade was a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MarketWise Price Performance

NASDAQ MKTW traded up $0.64 during trading on Monday, reaching $18.13. 9,184 shares of the company's stock were exchanged, compared to its average volume of 25,575. MarketWise, Inc. has a fifty-two week low of $9.08 and a fifty-two week high of $27.10. The business has a 50 day moving average price of $15.90 and a 200-day moving average price of $13.06. The stock has a market capitalization of $294.25 million, a P/E ratio of 6.02 and a beta of 0.46.

MarketWise (NASDAQ:MKTW - Get Free Report) last posted its earnings results on Thursday, May 8th. The newsletter publisher reported $0.41 EPS for the quarter, beating the consensus estimate of ($0.99) by $1.40. MarketWise had a negative return on equity of 2.66% and a net margin of 1.64%. The company had revenue of $83.51 million for the quarter, compared to the consensus estimate of $75.89 million.

MarketWise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, May 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, May 15th. MarketWise's payout ratio is 26.58%.

Hedge Funds Weigh In On MarketWise

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of MarketWise in the fourth quarter valued at approximately $25,000. Two Sigma Securities LLC acquired a new position in shares of MarketWise in the fourth quarter valued at approximately $27,000. BNP Paribas Financial Markets bought a new stake in shares of MarketWise in the fourth quarter valued at approximately $31,000. Militia Capital Partners LP bought a new stake in shares of MarketWise in the first quarter valued at approximately $35,000. Finally, Jane Street Group LLC boosted its stake in shares of MarketWise by 257.9% in the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock valued at $48,000 after buying an additional 61,254 shares during the period. Institutional investors and hedge funds own 23.04% of the company's stock.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.