John Wiley & Sons, Inc. (NYSE:WLY) EVP Danielle Mcmahan Sells 2,318 Shares

John Wiley & Sons, Inc. (NYSE:WLY) EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 8,978 shares in the company, valued at approximately $443,602.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John Wiley & Sons Price Performance

Shares of NYSE WLY traded up $0.38 during midday trading on Wednesday, reaching $49.73. 202,747 shares of the company traded hands, compared to its average volume of 352,202. The stock’s 50-day simple moving average is $46.47 and its 200-day simple moving average is $42.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. John Wiley & Sons, Inc. has a 12 month low of $28.83 and a 12 month high of $50.52. The firm has a market cap of $2.70 billion, a PE ratio of -13.56 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). The firm had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, equities analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be given a dividend of $0.352 per share. The ex-dividend date is Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a yield of 2.83%. John Wiley & Sons’s dividend payout ratio (DPR) is presently -38.74%.

Hedge Funds Weigh In On John Wiley & Sons

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after purchasing an additional 371 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of John Wiley & Sons during the second quarter worth about $60,000. Adirondack Trust Co. increased its position in shares of John Wiley & Sons by 23.5% during the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after acquiring an additional 400 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of John Wiley & Sons in the 2nd quarter valued at about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of John Wiley & Sons in the second quarter worth $121,000. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Company 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.