Rhumbline Advisers Boosts Stock Position in Scholastic Co. (NASDAQ:SCHL)

Rhumbline Advisers increased its stake in shares of Scholastic Co. (NASDAQ:SCHL) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,637 shares of the company’s stock after buying an additional 860 shares during the quarter. Rhumbline Advisers owned about 0.29% of Scholastic worth $1,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Azarias Capital Management L.P. raised its holdings in shares of Scholastic by 71.8% during the 4th quarter. Azarias Capital Management L.P. now owns 467,783 shares of the company’s stock worth $9,978,000 after acquiring an additional 195,507 shares during the period. Empowered Funds LLC raised its stake in Scholastic by 5.1% during the fourth quarter. Empowered Funds LLC now owns 157,550 shares of the company’s stock worth $3,361,000 after purchasing an additional 7,642 shares during the period. Pacer Advisors Inc. boosted its holdings in Scholastic by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 838,366 shares of the company’s stock valued at $17,882,000 after purchasing an additional 16,379 shares during the last quarter. KBC Group NV grew its stake in shares of Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after buying an additional 1,359 shares during the period. Finally, Inspire Investing LLC increased its holdings in shares of Scholastic by 43.0% during the 4th quarter. Inspire Investing LLC now owns 20,270 shares of the company’s stock worth $432,000 after buying an additional 6,096 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Trading Down 1.9 %

SCHL opened at $21.07 on Wednesday. The business’s 50 day moving average price is $20.29 and its 200 day moving average price is $25.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The stock has a market capitalization of $592.09 million, a PE ratio of -117.05 and a beta of 1.08. Scholastic Co. has a one year low of $17.72 and a one year high of $39.82.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. As a group, equities research analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, January 31st will be issued a $0.20 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.80%. Scholastic’s dividend payout ratio is currently -444.44%.

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.