Wedge Capital Management L L P NC Invests $1.24 Million in John Wiley & Sons, Inc. (NYSE:WLY)

Wedge Capital Management L L P NC purchased a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the second quarter, Holdings Channel reports. The institutional investor purchased 30,467 shares of the company’s stock, valued at approximately $1,240,000.

Several other institutional investors and hedge funds also recently bought and sold shares of WLY. GAMMA Investing LLC lifted its position in shares of John Wiley & Sons by 96.9% during the first quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of John Wiley & Sons in the fourth quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of John Wiley & Sons during the 4th quarter valued at $48,000. Adirondack Trust Co. lifted its holdings in John Wiley & Sons by 23.5% during the 4th quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in John Wiley & Sons by 5,897.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock worth $88,000 after purchasing an additional 2,713 shares during the period. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Price Performance

Shares of WLY traded up $0.14 during midday trading on Friday, hitting $45.91. 7,308 shares of the company traded hands, compared to its average volume of 344,548. John Wiley & Sons, Inc. has a one year low of $28.83 and a one year high of $49.20. The firm has a market cap of $2.50 billion, a P/E ratio of -12.57 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a 50-day moving average of $43.50 and a 200-day moving average of $38.90.

John Wiley & Sons (NYSE:WLY) last posted its earnings results on Thursday, June 13th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.40. The business had revenue of $468.46 million for the quarter, compared to analyst estimates of $438.70 million. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. John Wiley & Sons’s revenue was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 EPS. As a group, sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a dividend of $0.3525 per share. This represents a $1.41 annualized dividend and a yield of 3.07%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 9th. John Wiley & Sons’s payout ratio is presently -38.74%.

John Wiley & Sons Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.