Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Drops 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 target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 39,000 shares, a drop of 40.5% from the August 15th total of 65,500 shares. Approximately 2.1% of the company's shares are short sold. Based on an average trading volume of 14,600 shares, the short-interest ratio is currently 2.7 days. Based on an average trading volume of 14,600 shares, the short-interest ratio is currently 2.7 days. Approximately 2.1% of the company's shares are short sold.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in MarketWise during the 2nd quarter valued at about $28,000. BNP Paribas Financial Markets purchased a new position in MarketWise during the 4th quarter valued at about $31,000. Militia Capital Partners LP purchased a new position in MarketWise during the 1st quarter valued at about $35,000. Jane Street Group LLC lifted its position in MarketWise by 257.9% during the 4th 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. Finally, XTX Topco Ltd lifted its position in MarketWise by 172.4% during the 1st quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher's stock valued at $60,000 after acquiring an additional 77,335 shares during the period. 23.04% of the stock is owned by hedge funds and other institutional investors.

MarketWise Stock Down 2.2%

Shares of MKTW traded down $0.37 during trading hours on Friday, reaching $16.62. 29,813 shares of the company traded hands, compared to its average volume of 25,749. The company's fifty day moving average price is $18.49 and its two-hundred day moving average price is $16.15. The company has a market capitalization of $272.10 million, a price-to-earnings ratio of 6.07 and a beta of 0.52. MarketWise has a 12 month low of $9.07 and a 12 month high of $21.74.

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

MarketWise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, August 15th. MarketWise's dividend payout ratio (DPR) is 29.20%.

About MarketWise

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.