MarketWise, Inc. (NASDAQ:MKTW) Sees Significant Decrease in Short Interest

MarketWise, Inc. (NASDAQ:MKTW) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 73,800 shares, a drop of 35.3% from the May 15th total of 114,000 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On MarketWise

Large investors have recently made changes to their positions in the business. Militia Capital Partners LP purchased a new stake in MarketWise in the first quarter worth $35,000. AQR Capital Management LLC raised its holdings in MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after purchasing an additional 91,282 shares in the last quarter. XTX Topco Ltd boosted its position in shares of MarketWise by 172.4% during the first quarter. XTX Topco Ltd now owns 122,184 shares of the newsletter publisher’s stock valued at $60,000 after buying an additional 77,335 shares during the last quarter. MTM Investment Management LLC boosted its holdings in MarketWise by 50.5% in the first quarter. MTM Investment Management LLC now owns 280,250 shares of the newsletter publisher’s stock worth $142,000 after purchasing an additional 93,987 shares during the last quarter. Finally, Phraction Management LLC purchased a new stake in shares of MarketWise during the 1st quarter valued at about $136,000. 23.04% of the stock is currently owned by institutional investors.

MarketWise Stock Down 1.7%

Shares of MarketWise stock traded down $0.31 during trading on Tuesday, reaching $17.79. The company’s stock had a trading volume of 5,299 shares, compared to its average volume of 25,389. The company has a market cap of $288.64 million, a price-to-earnings ratio of 148.26 and a beta of 0.47. The firm’s 50-day moving average is $15.33 and its two-hundred day moving average is $12.81. MarketWise has a 52-week low of $9.08 and a 52-week high of $27.10.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, May 8th. The newsletter publisher reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $1.40. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%. The firm had revenue of $83.51 million during the quarter, compared to analyst estimates of $75.89 million.

MarketWise Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, May 15th. MarketWise’s dividend payout ratio (DPR) is 26.58%.

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.