MTM Investment Management LLC Acquires 93,987 Shares of MarketWise, Inc. (NASDAQ:MKTW)

MTM Investment Management LLC lifted its holdings in MarketWise, Inc. (NASDAQ:MKTW - Free Report) by 50.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & 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 about 1.73% of MarketWise worth $142,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MKTW. Phraction Management LLC bought a new position in shares of MarketWise in the 1st quarter valued at about $136,000. Eschler Asset Management LLP purchased a new stake in MarketWise during the fourth quarter valued at approximately $63,000. BNP Paribas Financial Markets bought a new stake in shares of MarketWise in the 4th quarter valued at approximately $31,000. Jane Street Group LLC lifted its stake in shares of MarketWise by 257.9% in the 4th 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 last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of MarketWise in the 4th quarter worth approximately $27,000. 23.04% of the stock is currently owned by institutional investors.

MarketWise Stock Performance

NASDAQ MKTW opened at $17.83 on Monday. The business's 50 day moving average price is $17.53 and its 200-day moving average price is $13.92. MarketWise, Inc. has a fifty-two week low of $9.08 and a fifty-two week high of $23.80. The company has a market cap of $289.38 million, a P/E ratio of 5.92 and a beta of 0.52.

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

MarketWise Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, May 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend was Thursday, May 15th. MarketWise's dividend payout ratio (DPR) is currently 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.

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