MarketWise, Inc. (NASDAQ:MKTW) Announces $0.20 Quarterly Dividend

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.20 per share by the newsletter publisher on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 14th.

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

MarketWise Stock Down 2.3%

NASDAQ:MKTW opened at $16.59 on Tuesday. MarketWise has a twelve month low of $9.07 and a twelve month high of $21.74. The firm has a market capitalization of $271.58 million, a price-to-earnings ratio of 6.05 and a beta of 0.52. The stock’s 50 day moving average price is $16.28 and its two-hundred day moving average price is $17.07.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MTM Investment Management LLC raised its holdings in MarketWise by 50.5% in the 1st quarter. MTM Investment Management LLC now owns 280,250 shares of the newsletter publisher’s stock valued at $142,000 after acquiring an additional 93,987 shares during the period. AQR Capital Management LLC increased its stake in shares of MarketWise by 300.5% during the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after purchasing an additional 91,282 shares during the period. XTX Topco Ltd lifted its holdings in MarketWise by 172.4% during the 1st quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher’s stock worth $60,000 after purchasing an additional 77,335 shares during the last quarter. Militia Capital Partners LP bought a new stake in MarketWise in the 1st quarter valued at $35,000. Finally, Raymond James Financial Inc. acquired a new position in MarketWise in the 2nd quarter valued at $226,000. Institutional investors and hedge funds own 23.04% of the company’s stock.

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.