Renaissance Technologies LLC Boosts Stock Holdings in MarketWise, Inc. (NASDAQ:MKTW)

Renaissance Technologies LLC grew its position in MarketWise, Inc. (NASDAQ:MKTW) by 11.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 555,400 shares of the newsletter publisher’s stock after acquiring an additional 59,079 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of MarketWise worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of MarketWise during the 4th quarter worth approximately $46,000. Fiducient Advisors LLC purchased a new stake in MarketWise in the first quarter valued at $86,000. Dynamic Advisor Solutions LLC purchased a new stake in MarketWise in the second quarter valued at $90,000. Williams & Novak LLC acquired a new position in shares of MarketWise in the 2nd quarter valued at $90,000. Finally, MTM Investment Management LLC grew its holdings in shares of MarketWise by 414.3% during the 2nd quarter. MTM Investment Management LLC now owns 128,570 shares of the newsletter publisher’s stock worth $149,000 after purchasing an additional 103,570 shares during the period. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Stock Performance

MarketWise stock opened at $0.56 on Wednesday. The company’s 50 day simple moving average is $0.79 and its 200-day simple moving average is $1.19. MarketWise, Inc. has a 1 year low of $0.55 and a 1 year high of $3.62. The company has a market capitalization of $183.84 million, a price-to-earnings ratio of 14.00 and a beta of 0.44.

MarketWise (NASDAQ:MKTW) last announced its quarterly earnings data on Thursday, August 15th. The newsletter publisher reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). The business had revenue of $105.05 million during the quarter. MarketWise had a net margin of 0.80% and a negative return on equity of 1.30%.

MarketWise Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Thursday, August 15th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 7.17%. The ex-dividend date of this dividend was Thursday, August 15th. MarketWise’s payout ratio is 100.00%.

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.