MarketWise, Inc. (NASDAQ:MKTW) Short Interest Update

MarketWise, Inc. (NASDAQ:MKTW) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 206,300 shares, a drop of 22.3% from the May 15th total of 265,500 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 124,600 shares, the short-interest ratio is currently 1.7 days.

Analyst Ratings Changes

Separately, UBS Group dropped their target price on shares of MarketWise from $3.50 to $2.00 and set a “neutral” rating for the company in a report on Thursday, March 28th.

MarketWise Stock Performance

Shares of NASDAQ:MKTW traded down $0.06 during mid-day trading on Friday, reaching $1.23. 294,073 shares of the company’s stock were exchanged, compared to its average volume of 172,341. The firm has a market capitalization of $405.32 million, a price-to-earnings ratio of 30.76 and a beta of 0.50. MarketWise has a twelve month low of $1.15 and a twelve month high of $3.62. The business’s fifty day moving average price is $1.50 and its 200-day moving average price is $2.02.

MarketWise (NASDAQ:MKTW) last announced its earnings results on Wednesday, May 15th. The newsletter publisher reported $0.04 EPS for the quarter. MarketWise had a negative return on equity of 0.74% and a net margin of 0.46%. The business had revenue of $108.99 million for the quarter.

MarketWise Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.04 dividend on an annualized basis and a yield of 3.25%. MarketWise’s dividend payout ratio (DPR) is currently 100.03%.

Insider Buying and Selling

In other news, major shareholder Greenhaven Road Investment Man sold 103,304 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $1.58, for a total value of $163,220.32. Following the completion of the transaction, the insider now directly owns 1,893,408 shares in the company, valued at approximately $2,991,584.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 28.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in shares of MarketWise by 30.2% in the 4th quarter. SG Americas Securities LLC now owns 18,499 shares of the newsletter publisher’s stock valued at $51,000 after buying an additional 4,292 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of MarketWise in the 4th quarter worth about $35,000. Quadrature Capital Ltd bought a new position in MarketWise in the 4th quarter valued at about $46,000. Heron Bay Capital Management acquired a new position in MarketWise during the 4th quarter valued at about $65,000. Finally, MTM Investment Management LLC purchased a new stake in shares of MarketWise in the first quarter worth approximately $43,000. 23.04% of the stock is 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.