MarketWise, Inc. (NASDAQ:MKTW - Get Free Report)'s stock price fell 9.3% during mid-day trading on Thursday . The stock traded as low as $0.50 and last traded at $0.51. 182,843 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 264,397 shares. The stock had previously closed at $0.56.
MarketWise Price Performance
The stock has a market cap of $164.40 million, a price-to-earnings ratio of 4.22 and a beta of 0.43. The stock's 50 day moving average price is $0.56 and its two-hundred day moving average price is $0.84.
MarketWise Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, November 25th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.04 annualized dividend and a dividend yield of 7.89%. MarketWise's dividend payout ratio is presently 33.33%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC acquired a new position in shares of MarketWise during the 2nd quarter valued at about $90,000. Renaissance Technologies LLC increased its holdings in shares of MarketWise by 11.9% during the 2nd quarter. Renaissance Technologies LLC now owns 555,400 shares of the newsletter publisher's stock worth $644,000 after buying an additional 59,079 shares during the last quarter. MTM Investment Management LLC raised its position in shares of MarketWise by 414.3% during the 2nd quarter. MTM Investment Management LLC now owns 128,570 shares of the newsletter publisher's stock valued at $149,000 after buying an additional 103,570 shares during the period. Williams & Novak LLC increased its stake in MarketWise by 95.4% during the third quarter. Williams & Novak LLC now owns 152,300 shares of the newsletter publisher's stock worth $102,000 after acquiring an additional 74,360 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in MarketWise by 953.6% in the second quarter. Squarepoint Ops LLC now owns 125,174 shares of the newsletter publisher's stock valued at $145,000 after purchasing an additional 113,293 shares during the period. Institutional investors and hedge funds 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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