Frank Porter Stansberry Buys 10,000 Shares of MarketWise (NASDAQ:MKTW) Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of $17.88 per share, for a total transaction of $178,800.00. Following the purchase, the director owned 365,490 shares in the company, valued at $6,534,961.20. This trade represents a 2.81% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 20th, Frank Porter Stansberry purchased 20,100 shares of MarketWise stock. The shares were acquired at an average cost of $17.21 per share, with a total value of $345,921.00.
• On Monday, May 18th, Frank Porter Stansberry acquired 3,623 shares of MarketWise stock. The shares were bought at an average cost of $16.50 per share, with a total value of $59,779.50.
• On Friday, May 15th, Frank Porter Stansberry acquired 11 shares of MarketWise stock. The stock was bought at an average price of $16.71 per share, for a total transaction of $183.81.
• On Thursday, May 14th, Frank Porter Stansberry acquired 20,000 shares of MarketWise stock. The stock was bought at an average cost of $18.12 per share, for a total transaction of $362,400.00.
• On Monday, May 11th, Frank Porter Stansberry acquired 10,000 shares of MarketWise stock. The stock was bought at an average cost of $18.89 per share, for a total transaction of $188,900.00.
• On Friday, May 8th, Frank Porter Stansberry bought 41,375 shares of MarketWise stock. The shares were bought at an average price of $18.99 per share, with a total value of $785,711.25.
• On Friday, March 20th, Frank Porter Stansberry bought 17,270 shares of MarketWise stock. The shares were bought at an average cost of $15.19 per share, with a total value of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry purchased 23,103 shares of MarketWise stock. The stock was bought at an average price of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Stock Performance

Shares of MKTW opened at $17.57 on Thursday. The firm has a market cap of $274.62 million, a P/E ratio of 10.65 and a beta of 0.25. MarketWise, Inc. has a 52 week low of $13.49 and a 52 week high of $21.74. The firm’s 50-day simple moving average is $17.30 and its 200 day simple moving average is $16.14.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings data on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share (EPS) for the quarter. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%.The company had revenue of $77.03 million for the quarter, compared to analyst estimates of $80.74 million. As a group, equities analysts forecast that MarketWise, Inc. will post 1.64 earnings per share for the current year.

MarketWise Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, May 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, May 15th. This is an increase from MarketWise’s previous quarterly dividend of $0.20. MarketWise’s payout ratio is 60.61%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen lowered MarketWise from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings downgraded MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock valued at $60,000 after buying an additional 91,282 shares in the last quarter. MTM Investment Management LLC acquired a new stake in MarketWise during the third quarter worth approximately $359,000. Susquehanna International Group LLP acquired a new stake in MarketWise during the third quarter worth approximately $191,000. Raymond James Financial Inc. bought a new position in MarketWise during the 2nd quarter worth $226,000. Finally, Vanguard Group Inc. increased its stake 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 acquiring an additional 10,113 shares during the period. 23.04% of the stock is owned by institutional investors.

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.