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

MarketWise, Inc. (NASDAQ:MKTW) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 137,700 shares, a decline of 90.4% from the March 15th total of 1,430,000 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 4.1 days. Approximately 8.7% of the company’s shares are short sold.

MarketWise Stock Performance

Shares of NASDAQ MKTW traded up $0.89 during mid-day trading on Monday, reaching $14.26. 128,645 shares of the company’s stock were exchanged, compared to its average volume of 22,483. The company’s 50-day moving average is $11.78 and its 200-day moving average is $11.48. The firm has a market capitalization of $231.37 million, a price-to-earnings ratio of 118.84 and a beta of 0.42. MarketWise has a 52-week low of $9.08 and a 52-week high of $34.60.

MarketWise (NASDAQ:MKTW) last announced its earnings results on Thursday, March 6th. The newsletter publisher reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.40. The company had revenue of $97.48 million during the quarter, compared to analyst estimates of $77.36 million. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $0.20 dividend. This is a positive change from MarketWise’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, March 18th. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. MarketWise’s payout ratio is presently 23.53%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in shares of MarketWise in the 4th quarter valued at $25,000. Two Sigma Securities LLC acquired a new position in MarketWise in the 4th quarter valued at about $27,000. BNP Paribas Financial Markets acquired a new position in MarketWise in the 4th quarter valued at about $31,000. Barclays PLC increased its stake in MarketWise by 260.4% during the third 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. Finally, JPMorgan Chase & Co. lifted its position in shares of MarketWise by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher’s stock worth $47,000 after purchasing an additional 38,364 shares in the last quarter. 23.04% of the stock is currently owned by institutional investors and hedge funds.

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.