Access Investment Management LLC Has $2.94 Million Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Access Investment Management LLC increased its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,325 shares of the company’s stock after buying an additional 455 shares during the period. Access Investment Management LLC’s holdings in John Wiley & Sons were worth $2,943,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in John Wiley & Sons by 113.6% during the 3rd quarter. Victory Capital Management Inc. now owns 35,762 shares of the company’s stock valued at $1,726,000 after purchasing an additional 19,017 shares during the period. Eagle Asset Management Inc. lifted its position in John Wiley & Sons by 40.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 407,997 shares of the company’s stock valued at $21,273,000 after purchasing an additional 116,772 shares during the period. D.A. Davidson & CO. acquired a new position in John Wiley & Sons during the 3rd quarter valued at about $2,134,000. Atom Investors LP lifted its position in John Wiley & Sons by 178.6% during the 3rd quarter. Atom Investors LP now owns 61,159 shares of the company’s stock valued at $2,951,000 after purchasing an additional 39,207 shares during the period. Finally, Consolidated Planning Corp acquired a new position in John Wiley & Sons during the 3rd quarter valued at about $682,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

John Wiley & Sons stock opened at $39.46 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. John Wiley & Sons, Inc. has a 1 year low of $32.80 and a 1 year high of $53.96. The company has a market cap of $2.13 billion, a PE ratio of -43.36 and a beta of 0.86. The company’s 50-day moving average is $42.50 and its two-hundred day moving average is $46.31.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $426.60 million for the quarter, compared to the consensus estimate of $420.00 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. Equities analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were given a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.57%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, December 26th. John Wiley & Sons’s dividend payout ratio (DPR) is currently -154.95%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.