Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Decreases By 90.4%

MarketWise, Inc. (NASDAQ:MKTW) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 137,700 shares, a drop of 90.4% from the March 15th total of 1,430,000 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,900 shares, the short-interest ratio is presently 4.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MKTW. XTX Topco Ltd purchased a new stake in shares of MarketWise in the fourth quarter valued at $25,000. Two Sigma Securities LLC purchased a new stake in MarketWise in the 4th quarter valued at about $27,000. BNP Paribas Financial Markets acquired a new position in shares of MarketWise during the 4th quarter valued at about $31,000. Barclays PLC lifted its holdings in shares of MarketWise by 260.4% during the 3rd quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock worth $34,000 after acquiring an additional 37,347 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of MarketWise by 118.4% in the third quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher’s stock worth $47,000 after acquiring an additional 38,364 shares during the last quarter. 23.04% of the stock is currently owned by institutional investors and hedge funds.

MarketWise Trading Up 0.5 %

Shares of NASDAQ MKTW traded up $0.07 during trading on Tuesday, reaching $14.33. The company had a trading volume of 4,562 shares, compared to its average volume of 22,419. MarketWise has a twelve month low of $9.08 and a twelve month high of $34.60. The stock has a 50-day moving average price of $11.84 and a two-hundred day moving average price of $11.49. The stock has a market capitalization of $232.42 million, a PE ratio of 119.35 and a beta of 0.42.

MarketWise (NASDAQ:MKTW) last released its earnings results on Thursday, March 6th. The newsletter publisher reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.40. The company had revenue of $97.48 million for the quarter, compared to analyst estimates of $77.36 million. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 5.58%. This is a positive change from MarketWise’s previous quarterly dividend of $0.01. MarketWise’s dividend payout ratio (DPR) is 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.