Amalgamated Bank Reduces Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Amalgamated Bank trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,918 shares of the company’s stock after selling 691 shares during the quarter. Amalgamated Bank’s holdings in John Wiley & Sons were worth $575,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in shares of John Wiley & Sons in the third quarter worth $57,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in John Wiley & Sons in the 3rd quarter valued at about $161,000. Berry Wealth Group LP bought a new stake in John Wiley & Sons during the 3rd quarter valued at $229,000. Cardinal Capital Management grew its holdings in John Wiley & Sons by 12.4% during the 3rd quarter. Cardinal Capital Management now owns 33,307 shares of the company’s stock worth $1,607,000 after acquiring an additional 3,679 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in John Wiley & Sons by 2.7% during the third quarter. Wedge Capital Management L L P NC now owns 31,297 shares of the company’s stock worth $1,510,000 after buying an additional 830 shares during the period. 73.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, the executive vice president now directly owns 8,978 shares in the company, valued at $443,602.98. This represents a 20.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.62% of the company’s stock.

John Wiley & Sons Trading Down 2.5 %

NYSE:WLY opened at $51.43 on Friday. The firm has a 50 day moving average of $48.99 and a 200 day moving average of $44.65. John Wiley & Sons, Inc. has a 52 week low of $29.04 and a 52 week high of $53.79. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -25.72 and a beta of 0.85. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). The business had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

John Wiley & Sons Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a $0.352 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -70.50%.

John Wiley & Sons 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.