MarketWise (NASDAQ:MKTW) Director Purchases $329,910.84 in Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 23,103 shares of the stock in a transaction on Thursday, March 19th. The shares were purchased at an average price of $14.28 per share, with a total value of $329,910.84. Following the completion of the transaction, the director owned 233,111 shares of the company’s stock, valued at approximately $3,328,825.08. This represents a 11.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Frank Porter Stansberry also recently made the following trade(s):

• On Friday, March 20th, Frank Porter Stansberry bought 17,270 shares of MarketWise stock. The stock was acquired at an average cost of $15.19 per share, for a total transaction of $262,331.30.

MarketWise Stock Performance

Shares of MKTW opened at $17.74 on Thursday. MarketWise, Inc. has a 52-week low of $9.07 and a 52-week high of $21.74. The business’s fifty day moving average is $15.22 and its 200-day moving average is $15.63. The firm has a market cap of $284.90 million, a price-to-earnings ratio of 7.75 and a beta of 0.55.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings data on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.99. The business had revenue of $83.39 million during the quarter, compared to the consensus estimate of $70.60 million. MarketWise had a negative return on equity of 2.54% and a net margin of 1.71%.

MarketWise Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. MarketWise’s dividend payout ratio is 43.67%.

Hedge Funds Weigh In On MarketWise

Several large investors have recently modified their holdings of MKTW. Barclays PLC grew its stake in shares of MarketWise by 7.0% in the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock worth $2,293,000 after purchasing an additional 9,961 shares during the last quarter. AQR Capital Management LLC raised its position in MarketWise by 300.5% during the 1st 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 last quarter. Vanguard Group Inc. lifted its holdings in MarketWise by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after buying an additional 10,113 shares during the period. State Street Corp lifted its holdings in MarketWise by 5.2% during the 4th quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock worth $432,000 after buying an additional 1,414 shares during the period. Finally, MTM Investment Management LLC bought a new stake in shares of MarketWise in the 3rd quarter valued at about $359,000. Institutional investors own 23.04% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MarketWise has an average rating of “Hold” and a consensus price target of $20.00.

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.