Verition Fund Management LLC Has $241,000 Stock Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Verition Fund Management LLC lowered its position in shares of John Wiley & Sons, Inc. (NYSE:WLYFree Report) by 17.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,004 shares of the company’s stock after selling 1,074 shares during the quarter. Verition Fund Management LLC’s holdings in John Wiley & Sons were worth $241,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of John Wiley & Sons by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after buying an additional 334 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in John Wiley & Sons during the third quarter worth about $57,000. Skandinaviska Enskilda Banken AB publ acquired a new position in John Wiley & Sons in the second quarter valued at about $60,000. Point72 DIFC Ltd bought a new stake in shares of John Wiley & Sons in the second quarter worth about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of John Wiley & Sons during the second quarter worth about $121,000. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of WLY opened at $45.84 on Monday. The stock has a 50 day simple moving average of $50.07 and a 200 day simple moving average of $46.30. John Wiley & Sons, Inc. has a 52-week low of $30.45 and a 52-week high of $53.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market capitalization of $2.48 billion, a PE ratio of -50.37 and a beta of 0.85.

John Wiley & Sons (NYSE:WLYGet Free Report) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, beating 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 analysts’ expectations of $420.00 million. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th will be issued a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 26th. John Wiley & Sons’s payout ratio is -154.95%.

Insider Transactions at John Wiley & Sons

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

John Wiley & Sons Profile

(Free Report)

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.

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Institutional Ownership by Quarter for John Wiley & Sons (NYSE:WLY)

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