Magnetar Financial LLC Buys New Position in John Wiley & Sons, Inc. (NYSE:WLY)

Magnetar Financial LLC acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,033 shares of the company’s stock, valued at approximately $775,000.

A number of other large investors also recently modified their holdings of WLY. Burgundy Asset Management Ltd. purchased a new position in shares of John Wiley & Sons in the fourth quarter valued at about $30,180,000. Schroder Investment Management Group lifted its holdings in John Wiley & Sons by 27.5% in the 4th quarter. Schroder Investment Management Group now owns 1,402,002 shares of the company’s stock worth $44,500,000 after purchasing an additional 302,491 shares in the last quarter. Norges Bank bought a new position in John Wiley & Sons in the 4th quarter worth approximately $7,502,000. William Blair Investment Management LLC boosted its stake in John Wiley & Sons by 21.6% in the 1st quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock worth $40,440,000 after purchasing an additional 188,211 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in John Wiley & Sons in the 1st quarter worth approximately $7,052,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

WLY stock opened at $46.99 on Wednesday. John Wiley & Sons, Inc. has a 1-year low of $28.83 and a 1-year high of $49.20. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. The business has a 50 day simple moving average of $46.16 and a two-hundred day simple moving average of $41.40.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $403.81 million during the quarter, compared to the consensus estimate of $387.40 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a $0.3525 dividend. This represents a $1.41 annualized dividend and a yield of 3.00%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 9th. John Wiley & Sons’s dividend payout ratio is presently -38.74%.

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.