36,540 Shares in Scholastic Co. (NASDAQ:SCHL) Bought by Acadian Asset Management LLC

Acadian Asset Management LLC acquired a new position in shares of Scholastic Co. (NASDAQ:SCHL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 36,540 shares of the company’s stock, valued at approximately $1,295,000. Acadian Asset Management LLC owned about 0.13% of Scholastic as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Scholastic during the second quarter worth $35,000. Innealta Capital LLC purchased a new position in Scholastic during the second quarter worth $64,000. EntryPoint Capital LLC purchased a new position in Scholastic during the first quarter worth $129,000. Quest Partners LLC purchased a new position in Scholastic during the fourth quarter worth $172,000. Finally, Quent Capital LLC purchased a new position in Scholastic during the first quarter worth $215,000. 82.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Iole Lucchese purchased 1,654 shares of the stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average price of $30.49 per share, with a total value of $50,430.46. Following the completion of the transaction, the executive vice president now owns 74,264 shares in the company, valued at $2,264,309.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Warwick Peter purchased 1,674 shares of the stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average price of $30.46 per share, with a total value of $50,990.04. Following the completion of the transaction, the chief executive officer now owns 104,349 shares in the company, valued at $3,178,470.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Iole Lucchese purchased 1,654 shares of the stock in a transaction on Tuesday, July 23rd. The shares were purchased at an average cost of $30.49 per share, with a total value of $50,430.46. Following the transaction, the executive vice president now owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The disclosure for this purchase can be found here. Company insiders own 18.62% of the company’s stock.

Scholastic Stock Up 1.3 %

Shares of NASDAQ:SCHL opened at $31.49 on Monday. The company has a market cap of $889.28 million, a P/E ratio of 21.72 and a beta of 1.03. Scholastic Co. has a 52 week low of $28.47 and a 52 week high of $42.38. The business has a fifty day simple moving average of $31.83 and a 200-day simple moving average of $34.70.

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

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, August 30th. Scholastic’s dividend payout ratio is currently 55.17%.

Wall Street Analyst Weigh In

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

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.