MarketWise, Inc. (NASDAQ:MKTW) Plans Quarterly Dividend of $0.20

MarketWise, Inc. (NASDAQ:MKTW) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.20 per share by the newsletter publisher on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, August 19th.

MarketWise has a 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 decline. Analysts expect MarketWise to earn $3.17 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.5%.

MarketWise Trading Down 0.4%

MKTW stock traded down $0.10 during trading on Thursday, hitting $21.04. The company had a trading volume of 2,988 shares, compared to its average volume of 19,412. The stock has a market cap of $328.69 million, a PE ratio of 12.75 and a beta of 0.20. MarketWise has a one year low of $13.49 and a one year high of $22.83. The business has a 50-day moving average of $18.52 and a 200-day moving average of $17.11.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, August 6th. The newsletter publisher reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.65 by ($0.89). The business had revenue of $75.81 million during the quarter, compared to the consensus estimate of $78.37 million. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%. Research analysts forecast that MarketWise will post 1.64 EPS for the current year.

Insider Transactions at MarketWise

In other MarketWise news, insider Erik Mickels sold 3,973 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $19.14, for a total transaction of $76,043.22. Following the sale, the insider directly owned 75,091 shares in the company, valued at approximately $1,437,241.74. The trade was a 5.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Frank Porter Stansberry purchased 41,375 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $18.99 per share, with a total value of $785,711.25. Following the acquisition, the director directly owned 291,756 shares in the company, valued at approximately $5,540,446.44. This represents a 16.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 105,109 shares of company stock worth $1,921,696. Company insiders own 29.95% of the company’s stock.

Institutional Investors Weigh In On MarketWise

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in MarketWise during the second quarter worth $28,000. Wells Fargo & Company MN boosted its holdings in shares of 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 buying an additional 757 shares during the period. 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 valued at $60,000 after buying an additional 91,282 shares in the last quarter. Susquehanna International Group LLP acquired a new position in MarketWise in the 3rd quarter valued at approximately $191,000. Finally, Raymond James Financial Inc. purchased a new stake in MarketWise in the 2nd quarter worth approximately $226,000. 23.04% of the stock is currently owned by institutional investors and hedge funds.

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.