16,624 Shares in MarketWise, Inc. (NASDAQ:MKTW) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new stake in shares of MarketWise, Inc. (NASDAQ:MKTW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,624 shares of the newsletter publisher’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Penn Mutual Asset Management LLC bought a new position in MarketWise during the 4th quarter valued at about $207,000. Heron Bay Capital Management bought a new position in shares of MarketWise during the fourth quarter valued at approximately $65,000. SG Americas Securities LLC grew its stake in shares of MarketWise by 30.2% during the fourth quarter. SG Americas Securities LLC now owns 18,499 shares of the newsletter publisher’s stock valued at $51,000 after buying an additional 4,292 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of MarketWise in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 23.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price objective on MarketWise from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th.

MarketWise Price Performance

Shares of MKTW stock opened at $1.16 on Friday. The company has a market capitalization of $382.25 million, a P/E ratio of 29.01 and a beta of 0.50. The company’s 50-day simple moving average is $1.42 and its two-hundred day simple moving average is $1.90. MarketWise, Inc. has a one year low of $1.12 and a one year high of $3.62.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings data on Wednesday, May 15th. The newsletter publisher reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $108.99 million for the quarter. MarketWise had a negative return on equity of 0.74% and a net margin of 0.46%.

MarketWise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Wednesday, May 15th were issued a $0.01 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.04 annualized dividend and a dividend yield of 3.45%. MarketWise’s payout ratio is currently 100.03%.

Insider Buying and Selling

In other news, major shareholder Greenhaven Road Investment Man sold 103,304 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $1.58, for a total value of $163,220.32. Following the completion of the sale, the insider now owns 1,893,408 shares in the company, valued at approximately $2,991,584.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 28.58% of the stock is owned by insiders.

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.