Bokf Na Takes Position in Scholastic Co. (NASDAQ:SCHL)

Bokf Na bought a new position in shares of Scholastic Co. (NASDAQ:SCHL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,441 shares of the company’s stock, valued at approximately $299,000.

Several other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of Scholastic during the 2nd quarter worth approximately $35,000. Innealta Capital LLC purchased a new stake in Scholastic during the second quarter worth $64,000. EntryPoint Capital LLC acquired a new stake in Scholastic during the first quarter valued at $129,000. Quest Partners LLC purchased a new position in Scholastic in the fourth quarter valued at $172,000. Finally, Quent Capital LLC acquired a new position in shares of Scholastic in the first quarter worth about $215,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Price Performance

Scholastic stock opened at $31.56 on Tuesday. Scholastic Co. has a 12 month low of $28.47 and a 12 month high of $41.79. The stock has a market capitalization of $902.62 million, a PE ratio of 21.77 and a beta of 1.03. The business has a 50 day simple moving average of $31.75 and a 200-day simple moving average of $34.64.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, July 18th. The company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.93). Scholastic had a return on equity of 3.34% and a net margin of 0.76%. The company had revenue of $474.90 million for the quarter, compared to analyst estimates of $552.50 million. On average, equities research analysts anticipate that Scholastic Co. will post 1.52 EPS for the current fiscal year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Friday, August 30th. Scholastic’s dividend payout ratio is presently 55.17%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Scholastic from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th.

Insider Buying and Selling

In other news, CEO Warwick Peter bought 1,674 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average price of $30.46 per share, for a total transaction of $50,990.04. Following the completion of the transaction, the chief executive officer now directly owns 104,349 shares in the company, valued at approximately $3,178,470.54. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Iole Lucchese bought 1,654 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the acquisition, the executive vice president now directly owns 74,264 shares in the company, valued at approximately $2,264,309.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Warwick Peter acquired 1,674 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was purchased at an average cost of $30.46 per share, with a total value of $50,990.04. Following the acquisition, the chief executive officer now directly owns 104,349 shares of the company’s stock, valued at approximately $3,178,470.54. The disclosure for this purchase can be found here. 18.62% of the stock is currently owned by insiders.

Scholastic Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.