275,081 Shares in MarketWise, Inc. (NASDAQ:MKTW) Acquired by Phraction Management LLC

Phraction Management LLC bought a new stake in MarketWise, Inc. (NASDAQ:MKTW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 275,081 shares of the newsletter publisher's stock, valued at approximately $136,000. Phraction Management LLC owned approximately 1.70% of MarketWise as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eschler Asset Management LLP acquired a new stake in shares of MarketWise in the 4th quarter valued at $63,000. BNP Paribas Financial Markets acquired a new stake in MarketWise in the 4th quarter valued at about $31,000. Jane Street Group LLC raised its stake in shares of MarketWise by 257.9% in the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock worth $48,000 after acquiring an additional 61,254 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of MarketWise during the fourth quarter worth approximately $27,000. Finally, XTX Topco Ltd acquired a new position in shares of MarketWise during the fourth quarter worth approximately $25,000. Institutional investors and hedge funds own 23.04% of the company's stock.

MarketWise Price Performance

Shares of MKTW stock traded up $0.22 during trading hours on Friday, reaching $19.96. 4,803 shares of the company were exchanged, compared to its average volume of 25,969. MarketWise, Inc. has a fifty-two week low of $9.08 and a fifty-two week high of $24.20. The stock's fifty day moving average is $16.99 and its two-hundred day moving average is $13.60. The company has a market cap of $323.87 million, a price-to-earnings ratio of 6.63 and a beta of 0.52.

MarketWise (NASDAQ:MKTW - Get Free Report) last announced its earnings results on Thursday, May 8th. The newsletter publisher reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $75.89 million.

MarketWise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, May 15th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.01%. MarketWise's payout ratio is 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.