MarketWise, Inc. (NASDAQ:MKTW) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in MarketWise, Inc. (NASDAQ:MKTW - Free Report) by 55.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 500,000 shares of the newsletter publisher's stock after selling 623,100 shares during the quarter. Royce & Associates LP owned about 0.15% of MarketWise worth $284,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of MarketWise by 260.4% in the third quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher's stock valued at $34,000 after purchasing an additional 37,347 shares during the period. JPMorgan Chase & Co. lifted its holdings in MarketWise by 118.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher's stock worth $47,000 after buying an additional 38,364 shares in the last quarter. MTM Investment Management LLC boosted its position in MarketWise by 42.8% in the 4th quarter. MTM Investment Management LLC now owns 186,263 shares of the newsletter publisher's stock valued at $106,000 after buying an additional 55,820 shares during the last quarter. Williams & Novak LLC grew its stake in shares of MarketWise by 88.8% during the fourth quarter. Williams & Novak LLC now owns 287,500 shares of the newsletter publisher's stock valued at $163,000 after acquiring an additional 135,200 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of MarketWise by 4.1% during the third quarter. Geode Capital Management LLC now owns 818,814 shares of the newsletter publisher's stock worth $547,000 after acquiring an additional 32,295 shares during the last quarter. Institutional investors and hedge funds own 23.04% of the company's stock.

Remove Ads

MarketWise Price Performance

MKTW traded down $0.01 on Wednesday, reaching $0.50. The company's stock had a trading volume of 497,477 shares, compared to its average volume of 384,788. MarketWise, Inc. has a 1 year low of $0.46 and a 1 year high of $1.80. The business's 50 day moving average is $0.62 and its 200 day moving average is $0.59. The stock has a market cap of $163.23 million, a price-to-earnings ratio of 4.19 and a beta of 0.36.

MarketWise (NASDAQ:MKTW - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The newsletter publisher reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $97.48 million during the quarter, compared to the consensus estimate of $77.36 million. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.01 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 7.95%. MarketWise's dividend payout ratio (DPR) is presently 23.53%.

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.