Point72 DIFC Ltd Buys Shares of 2,459 John Wiley & Sons, Inc. (NYSE:WLY)

Point72 DIFC Ltd purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,459 shares of the company’s stock, valued at approximately $100,000.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of John Wiley & Sons by 96.9% in the first quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after purchasing an additional 371 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of John Wiley & Sons in the second quarter valued at $60,000. Adirondack Trust Co. increased its holdings in shares of John Wiley & Sons by 23.5% in the 4th quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after buying an additional 400 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of John Wiley & Sons during the 2nd quarter valued at about $121,000. Finally, Penbrook Management LLC purchased a new position in John Wiley & Sons in the first quarter worth about $210,000. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Stock Performance

NYSE WLY opened at $48.67 on Wednesday. John Wiley & Sons, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $49.20. The company has a market cap of $2.64 billion, a P/E ratio of -13.37 and a beta of 0.86. 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’s 50 day moving average price is $46.16 and its 200-day moving average price is $41.68.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. During the same period in the previous year, the company posted $0.27 EPS. John Wiley & Sons’s quarterly revenue was down 10.5% compared to the same quarter last year. Sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be given a dividend of $0.352 per share. This represents a $1.41 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, October 8th. John Wiley & Sons’s payout ratio is currently -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.