MarketWise (NASDAQ:MKTW) Director Frank Porter Stansberry Buys 23,103 Shares of Stock

MarketWise, Inc. (NASDAQ:MKTW) Director Frank Porter Stansberry bought 23,103 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of $14.28 per share, for a total transaction of $329,910.84. Following the transaction, the director owned 233,111 shares of the company’s stock, valued at approximately $3,328,825.08. This represents a 11.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Frank Porter Stansberry also recently made the following trade(s):

• On Friday, March 20th, Frank Porter Stansberry purchased 17,270 shares of MarketWise stock. The stock was bought at an average price of $15.19 per share, with a total value of $262,331.30.

MarketWise Stock Performance

Shares of MKTW opened at $14.53 on Tuesday. The stock’s 50-day simple moving average is $15.17 and its 200 day simple moving average is $15.63. The stock has a market capitalization of $233.35 million, a price-to-earnings ratio of 6.35 and a beta of 0.55. MarketWise, Inc. has a 52-week low of $9.07 and a 52-week high of $21.74.

MarketWise (NASDAQ:MKTW) last posted its earnings results on Friday, March 6th. The newsletter publisher reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.99. MarketWise had a negative return on equity of 2.54% and a net margin of 1.71%.The business had revenue of $83.39 million during the quarter, compared to analyst estimates of $70.60 million.

MarketWise Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, March 18th. MarketWise’s dividend payout ratio is 43.67%.

Institutional Trading of MarketWise

Several institutional investors and hedge funds have recently made changes to their positions in MKTW. AQR Capital Management LLC grew its position in MarketWise by 300.5% in the first quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after acquiring an additional 91,282 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in MarketWise during the second quarter valued at about $28,000. Raymond James Financial Inc. purchased a new stake in MarketWise during the second quarter valued at about $226,000. MTM Investment Management LLC bought a new stake in MarketWise during the third quarter worth about $359,000. Finally, Vanguard Group Inc. lifted its stake in MarketWise by 13.8% during the third quarter. Vanguard Group Inc. now owns 83,627 shares of the newsletter publisher’s stock worth $1,382,000 after purchasing an additional 10,113 shares during the last quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MarketWise in a report on Thursday, January 22nd. UBS Group reissued an “outperform” rating on shares of MarketWise in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.00.

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.