Frank Porter Stansberry Acquires 10,000 Shares of MarketWise (NASDAQ:MKTW) Stock

Key Points

  • Director Frank Porter Stansberry bought 10,000 shares of MarketWise at an average price of $17.88, bringing his total holding to 365,490 shares worth about $6.53 million. The purchase was disclosed in an SEC filing and marked a 2.81% increase in his position.
  • Stansberry has been aggressively adding shares in multiple recent transactions, including purchases of 20,100 shares on May 20 and 41,375 shares on May 8. The buying spree suggests sustained insider confidence in the company.
  • MarketWise recently raised its dividend to $0.25 per quarter, or $1.00 annualized, for a yield of 5.8%. The company also reported a quarterly loss of $0.23 per share and revenue below analyst expectations in its latest earnings release.

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) Director Frank Porter Stansberry purchased 10,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $17.88 per share, for a total transaction of $178,800.00. Following the completion of the transaction, the director owned 365,490 shares of the company's stock, valued at $6,534,961.20. The trade was a 2.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, May 20th, Frank Porter Stansberry purchased 20,100 shares of MarketWise stock. The stock was acquired at an average cost of $17.21 per share, for a total transaction of $345,921.00.
  • On Monday, May 18th, Frank Porter Stansberry purchased 3,623 shares of MarketWise stock. The stock was acquired at an average cost of $16.50 per share, for a total transaction of $59,779.50.
  • On Friday, May 15th, Frank Porter Stansberry purchased 11 shares of MarketWise stock. The stock was acquired at an average cost of $16.71 per share, for a total transaction of $183.81.
  • On Thursday, May 14th, Frank Porter Stansberry purchased 20,000 shares of MarketWise stock. The stock was acquired at an average cost of $18.12 per share, for a total transaction of $362,400.00.
  • On Monday, May 11th, Frank Porter Stansberry purchased 10,000 shares of MarketWise stock. The stock was acquired at an average cost of $18.89 per share, for a total transaction of $188,900.00.
  • On Friday, May 8th, Frank Porter Stansberry bought 41,375 shares of MarketWise stock. The shares were purchased at an average cost of $18.99 per share, for a total transaction of $785,711.25.
  • On Friday, March 20th, Frank Porter Stansberry bought 17,270 shares of MarketWise stock. The shares were purchased at an average cost of $15.19 per share, for a total transaction of $262,331.30.
  • On Thursday, March 19th, Frank Porter Stansberry bought 23,103 shares of MarketWise stock. The shares were purchased at an average cost of $14.28 per share, for a total transaction of $329,910.84.

MarketWise Stock Down 4.2%




MKTW stock opened at $17.23 on Wednesday. MarketWise, Inc. has a twelve month low of $13.49 and a twelve month high of $21.74. The company has a market cap of $269.30 million, a PE ratio of 10.44 and a beta of 0.25. The business's 50-day simple moving average is $17.24 and its 200 day simple moving average is $16.13.

MarketWise (NASDAQ:MKTW - Get Free Report) last released its earnings results on Thursday, May 7th. The newsletter publisher reported ($0.23) earnings per share for the quarter. MarketWise had a negative return on equity of 1.86% and a net margin of 1.29%.The firm had revenue of $77.03 million for the quarter, compared to analyst estimates of $80.74 million. On average, equities research analysts anticipate that MarketWise, Inc. will post 2.92 EPS for the current year.

MarketWise Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.8%. This is a boost from MarketWise's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, May 15th. MarketWise's dividend payout ratio (DPR) is 60.61%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in MarketWise by 52.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher's stock worth $33,000 after purchasing an additional 757 shares during the period. Russell Investments Group Ltd. raised its stake in shares of MarketWise by 60.7% in the fourth quarter. Russell Investments Group Ltd. now owns 2,047 shares of the newsletter publisher's stock valued at $31,000 after acquiring an additional 773 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of MarketWise by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 19,899 shares of the newsletter publisher's stock valued at $299,000 after acquiring an additional 900 shares during the last quarter. State Street Corp raised its stake in shares of MarketWise by 5.2% in the fourth quarter. State Street Corp now owns 28,737 shares of the newsletter publisher's stock valued at $432,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of MarketWise by 7.0% in the fourth quarter. Barclays PLC now owns 152,631 shares of the newsletter publisher's stock valued at $2,293,000 after acquiring an additional 9,961 shares during the last quarter. Institutional investors own 23.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MKTW shares. Weiss Ratings downgraded MarketWise from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday, May 11th. Wall Street Zen cut shares of MarketWise from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $20.00.

Get Our Latest Research Report on MarketWise

MarketWise Company Profile

(Get Free Report)

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.

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