Militia Capital Partners LP Takes $35,000 Position 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 acquired a new stake in MarketWise, Inc. (NASDAQ:MKTW - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 large investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher's stock valued at $60,000 after acquiring an additional 91,282 shares during the period. XTX Topco Ltd boosted its position in shares of 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 acquiring an additional 77,335 shares during the period. MTM Investment Management LLC boosted its position 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 valued at $142,000 after acquiring an additional 93,987 shares during the period. Phraction Management LLC bought a new position in shares of MarketWise in the first quarter valued at approximately $136,000. Finally, BNP Paribas Financial Markets bought a new position in shares of MarketWise in the fourth quarter valued at approximately $31,000. 23.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MarketWise Price Performance

Shares of MarketWise 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 firm has a market cap of $292.20 million, a PE ratio of 6.51 and a beta of 0.52. The company 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 announced its earnings results 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). MarketWise had a net margin of 1.69% and a negative return on equity of 2.66%. The company had revenue of $79.95 million for the quarter, compared to the consensus estimate of $72.65 million.

MarketWise Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders 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 annualized dividend and a dividend yield of 4.5%. MarketWise's dividend payout ratio (DPR) is 29.20%.

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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