Insider Buying: MarketWise (NASDAQ:MKTW) Director Buys 41,375 Shares of Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry acquired 41,375 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $18.99 per share, for a total transaction of $785,711.25. Following the completion of the transaction, the director directly owned 291,756 shares in the company, valued at $5,540,446.44. This represents a 16.52% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frank Porter Stansberry also recently made the following trade(s):

• On Monday, May 11th, Frank Porter Stansberry bought 10,000 shares of MarketWise stock. The shares were purchased at an average price of $18.89 per share, with a total value of $188,900.00.
• On Friday, March 20th, Frank Porter Stansberry purchased 17,270 shares of MarketWise stock. The stock was purchased at an average cost of $15.19 per share, for a total transaction of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry purchased 23,103 shares of MarketWise stock. The stock was purchased at an average cost of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Trading Down 3.1%

Shares of MarketWise stock traded down $0.58 during trading on Tuesday, reaching $18.06. The stock had a trading volume of 25,097 shares, compared to its average volume of 20,797. The company has a market capitalization of $290.04 million, a price-to-earnings ratio of 10.95 and a beta of 0.25. The stock has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $15.99. MarketWise, Inc. has a 52 week low of $13.49 and a 52 week high of $21.74.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings data on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share (EPS) for the quarter. MarketWise had a negative return on equity of 1.87% and a net margin of 1.29%.The firm had revenue of $77.03 million for the quarter, compared to the consensus estimate of $80.74 million. On average, equities analysts forecast that MarketWise, Inc. will post 2.92 EPS for the current fiscal year.

MarketWise Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. This is an increase from MarketWise’s previous quarterly dividend of $0.20. MarketWise’s dividend payout ratio (DPR) is 60.61%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in MarketWise during the second quarter worth $28,000. Wells Fargo & Company MN grew its position in shares of MarketWise by 52.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher’s stock valued at $33,000 after acquiring an additional 757 shares during the period. Raymond James Financial Inc. bought a new stake in shares of MarketWise in the 2nd quarter valued at about $226,000. Susquehanna International Group LLP acquired a new stake in MarketWise in the 3rd quarter valued at about $191,000. Finally, Renaissance Technologies LLC lifted its stake in MarketWise by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 19,899 shares of the newsletter publisher’s stock valued at $299,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 23.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MKTW shares. Weiss Ratings cut shares of MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Wall Street Zen cut shares of MarketWise from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MarketWise currently has an average rating of “Hold” and an average target price of $20.00.

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.