John Wiley & Sons (NYSE:WLYB) Sees Strong Trading Volume – Here’s Why

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) saw unusually-strong trading volume on Friday . Approximately 1,310 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 1,112 shares.The stock last traded at $36.1050 and had previously closed at $36.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of John Wiley & Sons in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

John Wiley & Sons Trading Down 1.9%

The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. The company’s fifty day moving average is $39.03 and its 200-day moving average is $40.68. The firm has a market capitalization of $1.92 billion, a P/E ratio of 20.28 and a beta of 0.81.

John Wiley & Sons (NYSE:WLYB) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $1.29 EPS for the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The firm had revenue of $533.00 million during the quarter.

John Wiley & Sons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th were paid a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.9%. John Wiley & Sons’s dividend payout ratio is 79.78%.

Institutional Trading of John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLYB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,500 shares of the company’s stock, valued at approximately $201,000. Institutional investors and hedge funds own 0.49% of the company’s stock.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.