Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Declines By 15.8%

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 115,900 shares, a decline of 15.8% from the March 31st total of 137,700 shares. Approximately 7.1% of the company's shares are sold short. Based on an average daily trading volume, of 36,000 shares, the short-interest ratio is presently 3.2 days.

MarketWise Trading Up 1.2 %

MKTW traded up $0.16 during trading on Monday, hitting $13.31. 14,638 shares of the company's stock were exchanged, compared to its average volume of 23,618. The stock has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.62. MarketWise has a 1 year low of $9.08 and a 1 year high of $34.20. The firm has a market cap of $215.95 million, a P/E ratio of 110.93 and a beta of 0.36.

MarketWise (NASDAQ:MKTW - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The newsletter publisher reported $1.00 EPS for the quarter, beating the consensus estimate of $0.60 by $0.40. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%. The company had revenue of $97.48 million for the quarter, compared to analyst estimates of $77.36 million.

MarketWise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, May 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 6.01%. MarketWise's dividend payout ratio (DPR) is presently 23.53%.

Institutional Investors Weigh In On MarketWise

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of MarketWise by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 841,542 shares of the newsletter publisher's stock valued at $478,000 after acquiring an additional 22,728 shares in the last quarter. Barclays PLC grew its stake in MarketWise by 260.4% during the 3rd quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher's stock valued at $34,000 after purchasing an additional 37,347 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in MarketWise by 118.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher's stock worth $47,000 after purchasing an additional 38,364 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of MarketWise in the 4th quarter valued at approximately $25,000. Finally, Two Sigma Securities LLC purchased a new position in shares of MarketWise during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 23.04% of the company's stock.

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.