Phraction Management LLC Buys Shares of 275,081 MarketWise, Inc. (NASDAQ:MKTW)

Phraction Management LLC purchased a new position in shares of MarketWise, Inc. (NASDAQ:MKTW - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 275,081 shares of the newsletter publisher's stock, valued at approximately $136,000. Phraction Management LLC owned 1.70% of MarketWise as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eschler Asset Management LLP purchased a new stake in shares of MarketWise during the fourth quarter valued at $63,000. BNP Paribas Financial Markets acquired a new stake in shares of MarketWise during the 4th quarter valued at $31,000. Jane Street Group LLC increased 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 purchasing an additional 61,254 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of MarketWise during the 4th quarter worth $27,000. Finally, XTX Topco Ltd bought a new position in shares of MarketWise during the 4th quarter valued at $25,000. Institutional investors own 23.04% of the company's stock.

MarketWise Trading Down 0.4%

NASDAQ MKTW traded down $0.08 during trading on Wednesday, hitting $19.74. 16,529 shares of the company traded hands, compared to its average volume of 25,815. MarketWise, Inc. has a 12 month low of $9.08 and a 12 month high of $24.20. The business has a fifty day simple moving average of $16.61 and a 200 day simple moving average of $13.40. The company has a market capitalization of $320.38 million, a P/E ratio of 6.56 and a beta of 0.52.

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, beating the consensus estimate of ($0.99) by $1.40. The company had revenue of $83.51 million for the quarter, compared to the consensus estimate of $75.89 million. MarketWise had a negative return on equity of 2.66% and a net margin of 1.64%.

MarketWise Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Thursday, May 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, May 15th. MarketWise's payout ratio is currently 26.58%.

MarketWise 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.