Militia Capital Partners LP Makes New $35,000 Investment in MarketWise, Inc. $MKTW

Key Points

• Militia Capital Partners LP acquired a new stake in MarketWise, Inc. valued at approximately $35,000, owning 0.44% of the company as of the end of the recent quarter.
• Despite a revenue of $79.95 million for the quarter, MarketWise reported an earnings per share (EPS) of $0.53, missing the consensus estimate by $0.11.
• MarketWise declared a quarterly dividend of $0.20 per share, which equates to an annualized dividend yield of 4.5%.

Militia Capital Partners LP purchased a new position in MarketWise, Inc. (NASDAQ:MKTW - Free Report) during the 1st quarter, according to its most recent 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 approximately 0.44% of MarketWise at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in MarketWise in the 4th quarter worth about $31,000. Jane Street Group LLC lifted its position in MarketWise by 257.9% in the 4th quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock worth $48,000 after buying an additional 61,254 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of MarketWise by 172.4% during the first quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher's stock worth $60,000 after acquiring an additional 77,335 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of MarketWise by 300.5% during the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher's stock valued at $60,000 after buying an additional 91,282 shares during the last quarter. Finally, MTM Investment Management LLC lifted its stake in MarketWise by 50.5% in the first quarter. MTM Investment Management LLC now owns 280,250 shares of the newsletter publisher's stock valued at $142,000 after acquiring an additional 93,987 shares during the last quarter. Institutional investors own 23.04% of the company's stock.

MarketWise Stock Up 2.2%

NASDAQ MKTW traded up $0.38 during trading on Thursday, hitting $17.44. The company's stock had a trading volume of 11,581 shares, compared to its average volume of 25,692. MarketWise, Inc. has a 52 week low of $9.07 and a 52 week high of $21.74. The firm has a market cap of $285.41 million, a P/E ratio of 6.36 and a beta of 0.52. The firm has a 50 day moving average price of $18.52 and a 200 day moving average price of $16.13.

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

MarketWise Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, August 15th will be given 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 dividend payout ratio is currently 29.20%.

Analyst Upgrades and Downgrades

Separately, UBS Group reaffirmed a "neutral" rating and issued a $20.00 price target (up previously 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, the company presently has a consensus rating of "Hold" and a consensus 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.