Scholastic Co. (NASDAQ:SCHL) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its position in Scholastic Co. (NASDAQ:SCHL) by 7.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 46,286 shares of the company’s stock after selling 3,636 shares during the period. Kennedy Capital Management LLC owned about 0.16% of Scholastic worth $1,745,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in Scholastic by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 4,517 shares of the company’s stock valued at $170,000 after acquiring an additional 566 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Scholastic by 2.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 47,456 shares of the company’s stock valued at $1,789,000 after buying an additional 1,064 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Scholastic by 4,475.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,079 shares of the company’s stock worth $191,000 after buying an additional 4,968 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Scholastic in the fourth quarter worth $516,000. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of Scholastic in the fourth quarter valued at $974,000. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Scholastic Stock Up 2.0 %

SCHL stock opened at $31.33 on Thursday. The stock has a market capitalization of $884.76 million, a price-to-earnings ratio of 21.61 and a beta of 1.02. Scholastic Co. has a 52-week low of $28.64 and a 52-week high of $45.98. The stock’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $36.56.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, August 30th. Scholastic’s dividend payout ratio (DPR) is 55.17%.

Insider Activity

In related news, EVP Iole Lucchese purchased 1,654 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was purchased at an average price of $30.49 per share, with a total value of $50,430.46. Following the completion of the transaction, the executive vice president now owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Iole Lucchese purchased 1,654 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was bought at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the purchase, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Warwick Peter acquired 1,674 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average price of $30.46 per share, for a total transaction of $50,990.04. Following the completion of the acquisition, the chief executive officer now owns 104,349 shares in the company, valued at $3,178,470.54. The disclosure for this purchase can be found here. Corporate insiders own 18.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Scholastic from a “buy” rating to a “hold” rating in a report on Friday, July 19th.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.