Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Declines By 40.5%

Key Points

• Short interest in MarketWise, Inc. has decreased by 40.5% in August, falling from 65,500 shares to 39,000 shares, resulting in a short-interest ratio of 2.7 days.
• Institutional investors now own 23.04% of the company's stock, with significant new acquisitions from several large firms in the second quarter.
• The company will pay a quarterly dividend of $0.20 per share on September 25th, reflecting an annual yield of 4.5% and a payout ratio of 29.20%.

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 39,000 shares, a decline of 40.5% from the August 15th total of 65,500 shares. Based on an average daily volume of 14,600 shares, the short-interest ratio is presently 2.7 days. Approximately 2.1% of the company's shares are sold short. Approximately 2.1% of the company's shares are sold short. Based on an average daily volume of 14,600 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of MarketWise during the second quarter valued at about $28,000. Raymond James Financial Inc. acquired a new position in shares of MarketWise during the second quarter valued at about $226,000. BNP Paribas Financial Markets bought a new stake in MarketWise in the fourth quarter valued at about $31,000. Militia Capital Partners LP bought a new stake in MarketWise in the first quarter valued at about $35,000. Finally, Jane Street Group LLC increased its stake in MarketWise by 257.9% in the fourth quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock valued at $48,000 after acquiring an additional 61,254 shares during the period. Institutional investors and hedge funds own 23.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group reiterated a "neutral" rating and set a $20.00 price objective (up from $19.00) on shares of MarketWise in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, MarketWise presently has a consensus rating of "Hold" and an average target price of $20.00.

MarketWise Price Performance

NASDAQ:MKTW traded down $0.12 during trading hours on Monday, reaching $17.73. The company's stock had a trading volume of 7,343 shares, compared to its average volume of 25,852. The company has a market cap of $290.24 million, a price-to-earnings ratio of 6.47 and a beta of 0.52. MarketWise has a one year low of $9.07 and a one year high of $21.74. The business's 50-day moving average is $18.60 and its 200-day moving average is $16.08.

MarketWise (NASDAQ:MKTW - Get Free Report) last released its earnings results on Thursday, August 7th. The newsletter publisher reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.11). The firm had revenue of $79.95 million for the quarter, compared to analyst estimates of $72.65 million. MarketWise had a negative return on equity of 2.66% and a net margin of 1.69%.

MarketWise Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, August 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. MarketWise's payout ratio is currently 29.20%.

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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