MarketWise, Inc. (NASDAQ:MKTW) Shares Bought by Williams & Novak LLC

Williams & Novak LLC increased its position in MarketWise, Inc. (NASDAQ:MKTW) by 88.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,500 shares of the newsletter publisher’s stock after acquiring an additional 135,200 shares during the period. Williams & Novak LLC’s holdings in MarketWise were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Squarepoint Ops LLC grew its position in MarketWise by 953.6% in the 2nd quarter. Squarepoint Ops LLC now owns 125,174 shares of the newsletter publisher’s stock worth $145,000 after purchasing an additional 113,293 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of MarketWise by 11.9% during the second 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 period. JPMorgan Chase & Co. grew 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 worth $47,000 after buying an additional 38,364 shares in the last quarter. Barclays PLC increased its position in 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 acquiring an additional 37,347 shares during the period. Finally, Geode Capital Management LLC raised its stake in MarketWise by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 818,814 shares of the newsletter publisher’s stock valued at $547,000 after acquiring an additional 32,295 shares in the last quarter. 23.04% of the stock is currently owned by institutional investors.

MarketWise Stock Performance

NASDAQ:MKTW opened at $0.64 on Wednesday. The stock has a market cap of $208.83 million, a price-to-earnings ratio of 5.37 and a beta of 0.38. MarketWise, Inc. has a 1 year low of $0.46 and a 1 year high of $2.69. The business has a fifty day moving average of $0.54 and a 200-day moving average of $0.69.

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

MarketWise Dividend Announcement

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

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.