Militia Capital Partners LP Invests $35,000 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 purchased a new position in shares of MarketWise, Inc. (NASDAQ:MKTW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 71,616 shares of the newsletter publisher's stock, valued at approximately $35,000. Militia Capital Partners LP owned about 0.44% of MarketWise as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd boosted its position in MarketWise by 172.4% in the first quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher's stock valued at $60,000 after buying an additional 77,335 shares during the last quarter. MTM Investment Management LLC increased its stake in shares of MarketWise by 50.5% in the first quarter. MTM Investment Management LLC now owns 280,250 shares of the newsletter publisher's stock worth $142,000 after acquiring an additional 93,987 shares during the period. Phraction Management LLC acquired a new stake in shares of MarketWise in the first quarter worth $136,000. AQR Capital Management LLC raised its holdings in shares of MarketWise by 300.5% during the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher's stock worth $60,000 after purchasing an additional 91,282 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in MarketWise by 257.9% during the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock valued at $48,000 after purchasing an additional 61,254 shares during the period. 23.04% of the stock is currently owned by institutional investors and hedge funds.

MarketWise Trading Up 2.2%

MKTW traded up $0.38 on Thursday, reaching $17.44. The stock had a trading volume of 11,581 shares, compared to its average volume of 25,692. The business's 50-day moving average price is $18.52 and its two-hundred day moving average price is $16.13. The company has a market cap of $285.41 million, a P/E ratio of 6.36 and a beta of 0.52. MarketWise, Inc. has a 12-month low of $9.07 and a 12-month high of $21.74.

MarketWise (NASDAQ:MKTW - Get Free Report) last announced 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 net margin of 1.69% and a negative return on equity of 2.66%. The business had revenue of $79.95 million during the quarter, compared to analysts' expectations of $72.65 million.

MarketWise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.20 per share. 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 4.6%. MarketWise's payout ratio is currently 29.20%.

Analysts Set New Price Targets

Separately, UBS Group reaffirmed a "neutral" rating and set a $20.00 price target (up from $19.00) on shares of MarketWise in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, MarketWise has a consensus 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.