Phraction Management LLC Sells 82,813 Shares of MarketWise, Inc. (NASDAQ:MKTW)

Phraction Management LLC decreased its holdings in shares of MarketWise, Inc. (NASDAQ:MKTW) by 33.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,187 shares of the newsletter publisher’s stock after selling 82,813 shares during the period. Phraction Management LLC owned 0.05% of MarketWise worth $112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MKTW. Dynamic Advisor Solutions LLC purchased a new position in shares of MarketWise during the second quarter valued at about $90,000. Williams & Novak LLC bought a new position in shares of MarketWise in the 2nd quarter worth approximately $90,000. Squarepoint Ops LLC lifted its stake in shares of MarketWise by 953.6% in the 2nd quarter. Squarepoint Ops LLC now owns 125,174 shares of the newsletter publisher’s stock valued at $145,000 after purchasing an additional 113,293 shares during the period. MTM Investment Management LLC boosted its position in shares of MarketWise by 414.3% during the second quarter. MTM Investment Management LLC now owns 128,570 shares of the newsletter publisher’s stock valued at $149,000 after purchasing an additional 103,570 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of MarketWise by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 178,261 shares of the newsletter publisher’s stock valued at $207,000 after purchasing an additional 11,085 shares in the last quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Trading Down 3.3 %

Shares of MarketWise stock opened at $0.50 on Friday. MarketWise, Inc. has a 12 month low of $0.47 and a 12 month high of $3.62. The firm has a market capitalization of $157.76 million, a P/E ratio of 4.16 and a beta of 0.46. The business has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.98.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings results on Thursday, August 15th. The newsletter publisher reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The business had revenue of $105.05 million for the quarter. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%.

MarketWise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Monday, November 25th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 8.01%. MarketWise’s dividend payout ratio is currently 33.34%.

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.