SG Americas Securities LLC Has $127,000 Stake in John Wiley & Sons, Inc. (NYSE:WLY)

SG Americas Securities LLC trimmed its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 61.0% during the third quarter, HoldingsChannel reports. The fund owned 2,634 shares of the company’s stock after selling 4,117 shares during the period. SG Americas Securities LLC’s holdings in John Wiley & Sons were worth $127,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WLY. Skandinaviska Enskilda Banken AB publ bought a new position in John Wiley & Sons in the second quarter valued at $60,000. Point72 DIFC Ltd bought a new position in John Wiley & Sons in the second quarter valued at $100,000. Point72 Asia Singapore Pte. Ltd. bought a new position in John Wiley & Sons in the second quarter valued at $121,000. Penbrook Management LLC bought a new position in John Wiley & Sons in the first quarter valued at $210,000. Finally, Bayesian Capital Management LP bought a new position in John Wiley & Sons in the first quarter valued at $212,000. Institutional investors own 73.94% of the company’s stock.

Insider Activity

In other news, EVP Danielle Mcmahan sold 2,318 shares of John Wiley & Sons 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 owns 8,978 shares of the company’s stock, valued at $443,602.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.

John Wiley & Sons Stock Down 0.1 %

John Wiley & Sons stock opened at $49.30 on Friday. The company has a market cap of $2.68 billion, a P/E ratio of -13.54 and a beta of 0.86. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $51.79. The company has a fifty day simple moving average of $47.61 and a 200 day simple moving average of $43.24. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27.

John Wiley & Sons (NYSE:WLY) last released 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 negative net margin of 6.00% and a positive return on equity of 21.59%. The business had revenue of $403.81 million during the quarter, compared to the consensus estimate of $387.40 million. During the same period last year, the business posted $0.27 EPS. 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 disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a $0.352 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -38.74%.

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.