Ghe LLC Has $140,000 Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Ghe LLC lowered its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 52.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900 shares of the company’s stock after selling 3,240 shares during the period. Ghe LLC’s holdings in John Wiley & Sons were worth $140,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd bought a new stake in shares of John Wiley & Sons during the first quarter worth $532,000. Tidal Investments LLC grew its position in shares of John Wiley & Sons by 257.7% during the 1st quarter. Tidal Investments LLC now owns 24,296 shares of the company’s stock worth $925,000 after buying an additional 17,504 shares during the period. Kingsview Wealth Management LLC bought a new position in John Wiley & Sons in the first quarter valued at approximately $482,000. Russell Investments Group Ltd. boosted its stake in John Wiley & Sons by 36.9% during the 1st quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company’s stock worth $2,233,000 after acquiring an additional 15,779 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in John Wiley & Sons in the 2nd quarter valued at $1,240,000. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

John Wiley & Sons stock traded down $0.08 during midday trading on Wednesday, reaching $53.05. The stock had a trading volume of 264,786 shares, compared to its average volume of 247,852. The firm’s fifty day simple moving average is $48.56 and its 200-day simple moving average is $44.40. 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, Inc. has a 1-year low of $29.04 and a 1-year high of $53.79.

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 paid a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.65%. John Wiley & Sons’s dividend payout ratio is presently -70.50%.

Insider Activity at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

John Wiley & Sons 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.