John Wiley & Sons (NYSE:WLY) Shares Gap Down to $40.13

John Wiley & Sons, Inc. (NYSE:WLY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $40.13, but opened at $39.26. John Wiley & Sons shares last traded at $39.74, with a volume of 11,610 shares traded.

John Wiley & Sons Price Performance

The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.52. The business’s 50 day simple moving average is $37.74 and its two-hundred day simple moving average is $35.34.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, June 13th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. The business had revenue of $468.46 million during the quarter, compared to analyst estimates of $438.70 million. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. John Wiley & Sons’s revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. Equities research analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a yield of 3.51%. John Wiley & Sons’s dividend payout ratio is currently -38.46%.

Insider Buying and Selling at John Wiley & Sons

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total transaction of $237,345.48. Following the completion of the sale, the executive vice president now directly owns 8,069 shares in the company, valued at approximately $313,238.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

Institutional Trading of John Wiley & Sons

Institutional investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. purchased a new stake in shares of John Wiley & Sons during the 4th quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 371 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of John Wiley & Sons during the 4th quarter valued at about $48,000. Adirondack Trust Co. boosted its holdings in shares of John Wiley & Sons by 23.5% in the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after buying an additional 400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of John Wiley & Sons by 5,897.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock worth $88,000 after buying an additional 2,713 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

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.