Jane Street Group LLC Decreases Position in John Wiley & Sons, Inc. (NYSE:WLY)

Jane Street Group LLC lowered its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 14.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,274 shares of the company’s stock after selling 9,877 shares during the quarter. Jane Street Group LLC owned about 0.11% of John Wiley & Sons worth $2,860,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in John Wiley & Sons in the 3rd quarter valued at about $57,000. GAMMA Investing LLC boosted its holdings in John Wiley & Sons by 39.2% in the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after purchasing an additional 334 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in John Wiley & Sons during the 2nd quarter valued at approximately $60,000. Point72 DIFC Ltd purchased a new stake in John Wiley & Sons during the 2nd quarter worth approximately $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of John Wiley & Sons in the 2nd quarter valued at approximately $121,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Danielle Mcmahan sold 2,318 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the transaction, the executive vice president now directly owns 8,978 shares in the company, valued at approximately $443,602.98. This trade represents a 20.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Stock Performance

John Wiley & Sons stock opened at $44.34 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $49.60 and a 200-day moving average of $46.54. The stock has a market cap of $2.40 billion, a P/E ratio of -48.73 and a beta of 0.85. John Wiley & Sons, Inc. has a 52 week low of $30.45 and a 52 week high of $53.96.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.09. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The company had revenue of $426.60 million during the quarter, compared to analyst estimates of $420.00 million. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 26th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio (DPR) is currently -154.95%.

John Wiley & Sons Company 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.