John Wiley & Sons (NYSE:WLY) Sets New 12-Month High – Here’s Why

John Wiley & Sons, Inc. (NYSE:WLY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.79 and last traded at $53.57, with a volume of 9097 shares traded. The stock had previously closed at $53.13.

John Wiley & Sons Stock Down 0.3 %

The firm has a market capitalization of $2.87 billion, a PE ratio of -26.57 and a beta of 0.85. The firm’s 50 day moving average price is $48.36 and its two-hundred day moving average price is $44.19. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27.

John Wiley & Sons (NYSE:WLY) last issued its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same period last year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a $0.352 dividend. This represents a $1.41 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is -70.50%.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares in the company, valued at $443,602.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.62% of the company’s stock.

Institutional Trading of John Wiley & Sons

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of John Wiley & Sons by 39.2% during the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after purchasing an additional 334 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of John Wiley & Sons during the third quarter worth approximately $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of John Wiley & Sons during the second quarter worth approximately $60,000. Point72 DIFC Ltd bought a new position in John Wiley & Sons during the second quarter valued at approximately $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in John Wiley & Sons during the second quarter valued at approximately $121,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

About John Wiley & Sons

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.