MarketWise, Inc. (NASDAQ:MKTW) Shares Acquired by MTM Investment Management LLC

MTM Investment Management LLC boosted its holdings in MarketWise, Inc. (NASDAQ:MKTW - Free Report) by 50.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 280,250 shares of the newsletter publisher's stock after buying an additional 93,987 shares during the period. MTM Investment Management LLC owned 1.73% of MarketWise worth $142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKTW. Phraction Management LLC purchased a new position in shares of MarketWise during the 1st quarter worth about $136,000. Jane Street Group LLC raised its stake in MarketWise by 257.9% during the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock worth $48,000 after purchasing an additional 61,254 shares during the period. BNP Paribas Financial Markets purchased a new position in MarketWise during the fourth quarter worth approximately $31,000. Barclays PLC boosted its holdings in shares of MarketWise by 1,756.2% in the 4th quarter. Barclays PLC now owns 959,477 shares of the newsletter publisher's stock valued at $545,000 after purchasing an additional 907,788 shares during the last quarter. Finally, Eschler Asset Management LLP acquired a new position in shares of MarketWise in the 4th quarter valued at $63,000. Hedge funds and other institutional investors own 23.04% of the company's stock.

MarketWise Stock Up 1.7%

Shares of MKTW stock traded up $0.31 on Thursday, reaching $18.62. 13,747 shares of the stock were exchanged, compared to its average volume of 26,037. The stock has a market cap of $302.20 million, a P/E ratio of 6.19 and a beta of 0.52. The firm has a 50 day moving average of $17.90 and a two-hundred day moving average of $14.08. MarketWise, Inc. has a 1-year low of $9.08 and a 1-year high of $23.70.

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

MarketWise Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.80 annualized dividend and a yield of 4.30%. MarketWise's dividend payout ratio is presently 26.58%.

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.