Quest Partners LLC Acquires New Position in John Wiley & Sons, Inc. (NYSE:WLY)

Quest Partners LLC acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,982 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in shares of John Wiley & Sons in the fourth quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in shares of John Wiley & Sons in the fourth quarter valued at approximately $48,000. Allspring Global Investments Holdings LLC grew its holdings in shares of John Wiley & Sons by 5,897.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock valued at $88,000 after purchasing an additional 2,713 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of John Wiley & Sons in the third quarter valued at approximately $89,000. Finally, International Assets Investment Management LLC acquired a new position in shares of John Wiley & Sons in the fourth quarter valued at approximately $100,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Trading Up 1.6 %

Shares of WLY stock opened at $37.90 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.54. John Wiley & Sons, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $40.23. The stock has a market capitalization of $2.07 billion, a P/E ratio of -13.16 and a beta of 0.89. The company has a 50 day moving average price of $37.95 and a 200 day moving average price of $34.51.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.45 by $0.14. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. The company had revenue of $460.70 million during the quarter, compared to analysts’ expectations of $392.60 million. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. Equities research analysts predict that John Wiley & Sons, Inc. will post 2.55 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Monday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is presently -48.61%.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total transaction of $237,345.48. Following the completion of the transaction, the executive vice president now owns 8,069 shares in the company, valued at approximately $313,238.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is currently owned by company insiders.

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.