BNP Paribas Financial Markets Acquires 4,845 Shares of Scholastic Co. (NASDAQ:SCHL)

BNP Paribas Financial Markets raised its position in shares of Scholastic Co. (NASDAQ:SCHL) by 99.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,711 shares of the company’s stock after purchasing an additional 4,845 shares during the quarter. BNP Paribas Financial Markets’ holdings in Scholastic were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCHL. Azarias Capital Management L.P. grew its stake in shares of Scholastic by 32.7% during the 2nd quarter. Azarias Capital Management L.P. now owns 264,565 shares of the company’s stock valued at $9,384,000 after purchasing an additional 65,120 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Scholastic by 155.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 14,744 shares of the company’s stock valued at $523,000 after purchasing an additional 8,968 shares during the period. Innealta Capital LLC bought a new stake in shares of Scholastic during the 2nd quarter valued at about $64,000. Commonwealth Equity Services LLC bought a new stake in shares of Scholastic during the 2nd quarter valued at about $279,000. Finally, nVerses Capital LLC bought a new stake in shares of Scholastic during the 2nd quarter valued at about $35,000. 82.57% of the stock is currently owned by institutional investors.

Scholastic Trading Up 0.0 %

Shares of NASDAQ:SCHL opened at $25.58 on Monday. The stock has a 50 day moving average of $25.89 and a 200 day moving average of $30.17. The company has a market cap of $719.82 million, a PE ratio of 45.68 and a beta of 1.07. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 0.24. Scholastic Co. has a 12-month low of $23.69 and a 12-month high of $41.79.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, September 26th. The company reported ($2.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.48) by $0.35. The company had revenue of $237.20 million during the quarter, compared to the consensus estimate of $233.49 million. Scholastic had a return on equity of 4.32% and a net margin of 1.49%. During the same period in the previous year, the company posted ($2.20) EPS. As a group, equities research analysts expect that Scholastic Co. will post 1.41 EPS for the current year.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, January 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 3.13%. Scholastic’s dividend payout ratio is presently 142.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th.

Scholastic Company 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.