MarketWise, Inc. (NASDAQ:MKTW - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $0.49 and last traded at $9.43, with a volume of 392479 shares changing hands. The stock had previously closed at $0.51.
MarketWise Trading Up 1.8 %
The company has a market cap of $167.83 million, a P/E ratio of 85.72 and a beta of 0.42. The company has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $11.59.
MarketWise (NASDAQ:MKTW - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The newsletter publisher reported $1.00 EPS for the quarter, topping the consensus estimate of $0.60 by $0.40. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%. The company had revenue of $97.48 million for the quarter, compared to the consensus estimate of $77.36 million.
MarketWise Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.73%. The ex-dividend date was Tuesday, March 18th. This is an increase from MarketWise's previous quarterly dividend of $0.01. MarketWise's payout ratio is currently 23.53%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of MarketWise in the 4th quarter worth $25,000. Two Sigma Securities LLC purchased a new stake in MarketWise in the fourth quarter worth about $27,000. BNP Paribas Financial Markets bought a new position in MarketWise during the 4th quarter worth about $31,000. Barclays PLC increased its position in MarketWise by 260.4% during the 3rd 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. Finally, JPMorgan Chase & Co. raised its holdings in shares of MarketWise by 118.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher's stock valued at $47,000 after purchasing an additional 38,364 shares in the last quarter. Institutional investors own 23.04% of the company's stock.
MarketWise Company Profile
(
Get Free Report)
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.
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