Royce & Associates LP Lowers Stock Position in MarketWise, Inc. (NASDAQ:MKTW)

Royce & Associates LP cut its stake in shares of MarketWise, Inc. (NASDAQ:MKTW) by 55.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 500,000 shares of the newsletter publisher’s stock after selling 623,100 shares during the period. Royce & Associates LP’s holdings in MarketWise were worth $284,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MKTW. Barclays PLC boosted its position in MarketWise by 260.4% during the 3rd quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock worth $34,000 after purchasing an additional 37,347 shares during the period. JPMorgan Chase & Co. increased its holdings in MarketWise by 118.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher’s stock valued at $47,000 after purchasing an additional 38,364 shares in the last quarter. MTM Investment Management LLC increased its holdings in MarketWise by 42.8% in the 4th quarter. MTM Investment Management LLC now owns 186,263 shares of the newsletter publisher’s stock valued at $106,000 after purchasing an additional 55,820 shares in the last quarter. Williams & Novak LLC increased its holdings in MarketWise by 88.8% in the 4th quarter. Williams & Novak LLC now owns 287,500 shares of the newsletter publisher’s stock valued at $163,000 after purchasing an additional 135,200 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in MarketWise by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 818,814 shares of the newsletter publisher’s stock valued at $547,000 after purchasing an additional 32,295 shares in the last quarter. 23.04% of the stock is owned by hedge funds and other institutional investors.

MarketWise Trading Up 3.6 %

Shares of NASDAQ MKTW opened at $0.54 on Friday. MarketWise, Inc. has a 12-month low of $0.46 and a 12-month high of $1.81. The company has a market cap of $175.33 million, a P/E ratio of 4.50 and a beta of 0.36. The stock has a fifty day moving average price of $0.62 and a 200 day moving average price of $0.60.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings results on Thursday, March 6th. The newsletter publisher reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $97.48 million during the quarter, compared to the consensus estimate of $77.36 million. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.04 annualized dividend and a dividend yield of 7.40%. MarketWise’s dividend payout ratio is presently 23.53%.

MarketWise 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.