MarketWise, Inc. (MKTW) To Go Ex-Dividend on March 18th

MarketWise, Inc. (NASDAQ:MKTW) announced a quarterly dividend on Monday, March 2nd. Shareholders of record on Wednesday, March 18th will be paid a dividend of 0.20 per share by the newsletter publisher on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Wednesday, March 18th.

MarketWise has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

MarketWise Trading Down 2.4%

Shares of NASDAQ:MKTW opened at $14.15 on Monday. The firm has a market capitalization of $227.25 million, a PE ratio of 6.18 and a beta of 0.55. MarketWise has a 1-year low of $9.07 and a 1-year high of $21.74. The business’s 50 day moving average is $15.24 and its 200-day moving average is $15.77.

MarketWise (NASDAQ:MKTW) last issued its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.99. The business had revenue of $83.39 million during the quarter, compared to analyst estimates of $70.60 million. MarketWise had a negative return on equity of 2.54% and a net margin of 1.71%.

Insider Buying and Selling at MarketWise

In other news, CFO Erik Mickels sold 6,666 shares of MarketWise stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $14.73, for a total value of $98,190.18. Following the completion of the transaction, the chief financial officer owned 56,437 shares in the company, valued at approximately $831,317.01. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 29.25% of the company’s stock.

Institutional Investors Weigh In On MarketWise

A number of large investors have recently bought and sold shares of MKTW. Russell Investments Group Ltd. acquired a new stake in MarketWise during the 2nd quarter valued at $28,000. Wells Fargo & Company MN boosted its stake in MarketWise by 52.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher’s stock worth $33,000 after purchasing an additional 757 shares in the last quarter. AQR Capital Management LLC grew its holdings 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 last quarter. Susquehanna International Group LLP bought a new stake in shares of MarketWise during the third quarter worth $191,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of MarketWise in the second quarter valued at $226,000. 23.04% of the stock is currently owned by institutional investors.

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.