MarketWise, Inc. (NASDAQ:MKTW) Stake Increased by Williams & Novak LLC

Williams & Novak LLC raised its stake in shares of MarketWise, Inc. (NASDAQ:MKTW) by 88.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 287,500 shares of the newsletter publisher’s stock after acquiring an additional 135,200 shares during the quarter. Williams & Novak LLC owned approximately 0.09% of MarketWise worth $163,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of MarketWise by 260.4% in the 3rd quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock valued at $34,000 after purchasing an additional 37,347 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in MarketWise by 118.4% in the third quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher’s stock valued at $47,000 after buying an additional 38,364 shares during the last quarter. Squarepoint Ops LLC raised its stake in MarketWise by 953.6% during the second quarter. Squarepoint Ops LLC now owns 125,174 shares of the newsletter publisher’s stock valued at $145,000 after buying an additional 113,293 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in MarketWise by 11.9% during the 2nd quarter. Renaissance Technologies LLC now owns 555,400 shares of the newsletter publisher’s stock worth $644,000 after buying an additional 59,079 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of MarketWise by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 818,814 shares of the newsletter publisher’s stock worth $547,000 after acquiring an additional 32,295 shares in the last quarter. 23.04% of the stock is owned by institutional investors and hedge funds.

MarketWise Trading Down 0.7 %

MKTW stock opened at $0.64 on Wednesday. The stock’s 50 day simple moving average is $0.54 and its 200 day simple moving average is $0.69. MarketWise, Inc. has a 12-month low of $0.46 and a 12-month high of $2.69. The firm has a market cap of $208.83 million, a P/E ratio of 5.37 and a beta of 0.38.

MarketWise (NASDAQ:MKTW) last issued its earnings results on Thursday, November 7th. The newsletter publisher reported $0.04 earnings per share for the quarter. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%. The company had revenue of $97.19 million for the quarter.

MarketWise Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, January 29th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a yield of 17.91%. MarketWise’s payout ratio is currently 33.34%.

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.