33,688 Shares in John Wiley & Sons, Inc. (NYSE:WLY) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 33,688 shares of the company’s stock, valued at approximately $1,625,000. Edgestream Partners L.P. owned 0.06% of John Wiley & Sons as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WLY. GAMMA Investing LLC lifted its holdings in shares of John Wiley & Sons by 39.2% in the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after purchasing an additional 334 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in John Wiley & Sons in the 3rd quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in John Wiley & Sons during the 2nd quarter worth about $60,000. Point72 DIFC Ltd purchased a new position in John Wiley & Sons during the 2nd quarter valued at about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in John Wiley & Sons during the 2nd quarter valued at about $121,000. 73.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now owns 8,978 shares in the company, valued at $443,602.98. This represents a 20.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Price Performance

NYSE WLY opened at $49.85 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -24.93 and a beta of 0.85. The company has a 50 day simple moving average of $50.39 and a 200-day simple moving average of $45.80. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $53.96.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) 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 company had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $387.40 million. During the same quarter in the previous year, the company earned $0.27 EPS. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year.

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 given a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.82%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is currently -70.50%.

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.