John Wiley & Sons (NYSE:WLY) Shares Gap Down to $46.74

Shares of John Wiley & Sons, Inc. (NYSE:WLY) gapped down before the market opened on Wednesday . The stock had previously closed at $46.74, but opened at $45.19. John Wiley & Sons shares last traded at $45.57, with a volume of 10,501 shares changing hands.

John Wiley & Sons Stock Down 0.1 %

The company’s 50-day simple moving average is $46.13 and its 200 day simple moving average is $40.98. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27.

John Wiley & Sons (NYSE:WLY) last announced its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). The firm had revenue of $403.81 million during 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%. John Wiley & Sons’s revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a dividend of $0.3525 per share. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Tuesday, July 9th. John Wiley & Sons’s dividend payout ratio is currently -38.74%.

Institutional Investors Weigh In On John Wiley & Sons

Several institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd acquired a new stake in shares of John Wiley & Sons during the second quarter worth $100,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in John Wiley & Sons in the 2nd quarter worth $121,000. Algert Global LLC lifted its position in John Wiley & Sons by 73.3% during the 2nd quarter. Algert Global LLC now owns 47,194 shares of the company’s stock worth $1,921,000 after acquiring an additional 19,964 shares during the period. The Manufacturers Life Insurance Company grew its stake in John Wiley & Sons by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,308 shares of the company’s stock valued at $786,000 after purchasing an additional 380 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of John Wiley & Sons by 13.5% in the second quarter. AQR Capital Management LLC now owns 6,796 shares of the company’s stock valued at $273,000 after purchasing an additional 806 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Company 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.