MarketWise, Inc. (MKTW) To Go Ex-Dividend on August 15th

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.20 per share by the newsletter publisher on Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 15th.

MarketWise has a payout ratio of 64.0% meaning its dividend is sufficiently covered by earnings.

MarketWise Price Performance

MarketWise stock opened at $19.62 on Wednesday. MarketWise has a 1-year low of $9.07 and a 1-year high of $21.74. The business has a fifty day moving average price of $18.78 and a 200-day moving average price of $15.07. The stock has a market capitalization of $318.43 million, a price-to-earnings ratio of 7.16 and a beta of 0.52.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings results on Thursday, August 7th. The newsletter publisher reported $0.53 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 during the quarter, compared to analysts’ expectations of $72.65 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in MarketWise by 108.0% during the 4th quarter. JPMorgan Chase & Co. now owns 147,228 shares of the newsletter publisher’s stock worth $84,000 after acquiring an additional 76,460 shares during the period. Geode Capital Management LLC increased its holdings in MarketWise by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 841,542 shares of the newsletter publisher’s stock worth $478,000 after buying an additional 22,728 shares during the period. Barclays PLC increased its holdings in MarketWise by 1,756.2% in the 4th quarter. Barclays PLC now owns 959,477 shares of the newsletter publisher’s stock worth $545,000 after buying an additional 907,788 shares during the period. XTX Topco Ltd purchased a new position in MarketWise during the 4th quarter worth approximately $25,000. Finally, Two Sigma Securities LLC acquired a new stake in MarketWise during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds 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.