Militia Capital Partners LP Acquires New Position in MarketWise, Inc. $MKTW

Key Points

• Militia Capital Partners LP acquired a new stake in MarketWise, purchasing 71,616 shares valued at approximately $35,000 in Q1, increasing its ownership to 0.44% of the company.
• MarketWise reported quarterly earnings of $0.53 per share, missing consensus estimates, but generated revenue of $79.95 million, exceeding expectations.
• The company announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 4.5%, with a dividend payout ratio of 29.20%.

Militia Capital Partners LP acquired a new stake in shares of MarketWise, Inc. (NASDAQ:MKTW - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 71,616 shares of the newsletter publisher's stock, valued at approximately $35,000. Militia Capital Partners LP owned 0.44% of MarketWise at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MKTW. Jane Street Group LLC grew its stake in shares of MarketWise by 257.9% during the 4th quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock valued at $48,000 after acquiring an additional 61,254 shares during the period. BNP Paribas Financial Markets bought a new position in shares of MarketWise during the 4th quarter valued at approximately $31,000. Phraction Management LLC bought a new position in MarketWise in the 1st quarter worth approximately $136,000. MTM Investment Management LLC boosted its stake in MarketWise by 50.5% in the 1st quarter. MTM Investment Management LLC now owns 280,250 shares of the newsletter publisher's stock worth $142,000 after purchasing an additional 93,987 shares during the period. Finally, XTX Topco Ltd boosted its stake in MarketWise by 172.4% in the 1st quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher's stock worth $60,000 after purchasing an additional 77,335 shares during the period. 23.04% of the stock is currently owned by institutional investors.

MarketWise Price Performance

MKTW stock opened at $17.85 on Friday. MarketWise, Inc. has a 1-year low of $9.07 and a 1-year high of $21.74. The company has a market capitalization of $292.20 million, a price-to-earnings ratio of 6.51 and a beta of 0.52. The business has a 50 day simple moving average of $18.60 and a two-hundred day simple moving average of $16.02.

MarketWise (NASDAQ:MKTW - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The newsletter publisher reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.11). MarketWise had a negative return on equity of 2.66% and a net margin of 1.69%.The business had revenue of $79.95 million during the quarter, compared to the consensus estimate of $72.65 million.

MarketWise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 15th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. MarketWise's dividend payout ratio (DPR) is 29.20%.

Wall Street Analyst Weigh In

Separately, UBS Group restated a "neutral" rating and issued a $20.00 price target (up from $19.00) on shares of MarketWise in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.00.

About MarketWise

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.

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