Scholastic Co. (NASDAQ:SCHL) Shares Acquired by Azarias Capital Management L.P.

Azarias Capital Management L.P. boosted its position in shares of Scholastic Co. (NASDAQ:SCHL) by 71.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 467,783 shares of the company’s stock after purchasing an additional 195,507 shares during the period. Scholastic comprises about 4.5% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 10th biggest position. Azarias Capital Management L.P. owned 1.66% of Scholastic worth $9,978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHL. Robeco Institutional Asset Management B.V. lifted its position in Scholastic by 744.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company’s stock worth $2,101,000 after buying an additional 57,852 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Scholastic by 9.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company’s stock valued at $16,075,000 after purchasing an additional 41,864 shares during the last quarter. Barclays PLC increased its holdings in shares of Scholastic by 291.6% in the third quarter. Barclays PLC now owns 41,228 shares of the company’s stock valued at $1,319,000 after purchasing an additional 30,699 shares in the last quarter. Martingale Asset Management L P boosted its position in Scholastic by 128.1% in the 3rd quarter. Martingale Asset Management L P now owns 49,529 shares of the company’s stock valued at $1,585,000 after buying an additional 27,812 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Scholastic by 83.9% during the third quarter. Royce & Associates LP now owns 42,194 shares of the company’s stock worth $1,351,000 after acquiring an additional 19,255 shares during the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Stock Performance

Scholastic stock opened at $19.76 on Thursday. Scholastic Co. has a 12-month low of $17.72 and a 12-month high of $40.74. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The business’s 50-day simple moving average is $21.34 and its 200 day simple moving average is $25.95.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. On average, equities analysts predict that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, January 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.05%. Scholastic’s dividend payout ratio is currently -444.42%.

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 print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.