MarketWise (NASDAQ:MKTW) Director Frank Porter Stansberry Purchases 20,100 Shares

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry bought 20,100 shares of the stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $17.21 per share, with a total value of $345,921.00. Following the purchase, the director owned 355,490 shares of the company’s stock, valued at approximately $6,117,982.90. This represents a 5.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, May 18th, Frank Porter Stansberry bought 3,623 shares of MarketWise stock. The shares were acquired at an average cost of $16.50 per share, with a total value of $59,779.50.
• On Friday, May 15th, Frank Porter Stansberry bought 11 shares of MarketWise stock. The shares were acquired at an average cost of $16.71 per share, with a total value of $183.81.
• On Thursday, May 14th, Frank Porter Stansberry bought 20,000 shares of MarketWise stock. The shares were acquired at an average cost of $18.12 per share, with a total value of $362,400.00.
• On Monday, May 11th, Frank Porter Stansberry bought 10,000 shares of MarketWise stock. The shares were acquired at an average cost of $18.89 per share, with a total value of $188,900.00.
• On Friday, May 8th, Frank Porter Stansberry bought 41,375 shares of MarketWise stock. The shares were acquired at an average cost of $18.99 per share, with a total value of $785,711.25.
• On Friday, March 20th, Frank Porter Stansberry bought 17,270 shares of MarketWise stock. The shares were acquired at an average cost of $15.19 per share, with a total value of $262,331.30.
• On Thursday, March 19th, Frank Porter Stansberry bought 23,103 shares of MarketWise stock. The shares were acquired at an average cost of $14.28 per share, with a total value of $329,910.84.

MarketWise Trading Up 1.8%

Shares of NASDAQ MKTW opened at $17.99 on Friday. The company has a market cap of $281.18 million, a price-to-earnings ratio of 10.90 and a beta of 0.25. MarketWise, Inc. has a 12 month low of $13.49 and a 12 month high of $21.74. The stock has a 50-day moving average price of $17.11 and a two-hundred day moving average price of $16.12.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share (EPS) for the quarter. MarketWise had a net margin of 1.29% and a negative return on equity of 1.86%. The firm had revenue of $77.03 million during the quarter, compared to analyst estimates of $80.74 million. On average, sell-side analysts predict that MarketWise, Inc. will post 2.92 earnings per share for the current year.

MarketWise Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Friday, May 15th will be paid a $0.25 dividend. This is an increase from MarketWise’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, May 15th. MarketWise’s payout ratio is currently 60.61%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MKTW. Weiss Ratings downgraded MarketWise from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded MarketWise from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MarketWise has an average rating of “Hold” and a consensus target price of $20.00.

Institutional Trading of MarketWise

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its position in MarketWise by 7.0% during the 4th quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher’s stock valued at $2,293,000 after purchasing an additional 9,961 shares during the period. AQR Capital Management LLC increased its position in MarketWise by 300.5% during the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock valued at $60,000 after purchasing an additional 91,282 shares during the period. Vanguard Group Inc. increased its position in MarketWise by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock valued at $1,382,000 after purchasing an additional 10,113 shares during the period. State Street Corp increased its position in MarketWise by 5.2% during the 4th quarter. State Street Corp now owns 28,737 shares of the newsletter publisher’s stock valued at $432,000 after purchasing an additional 1,414 shares during the period. Finally, Renaissance Technologies LLC increased its position in MarketWise by 36.6% during the 1st quarter. Renaissance Technologies LLC now owns 27,174 shares of the newsletter publisher’s stock valued at $509,000 after purchasing an additional 7,275 shares during the period. Institutional investors and hedge funds own 23.04% of the company’s stock.

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.