Advisors Asset Management Inc. Has $7.19 Million Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Advisors Asset Management Inc. decreased its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 28.3% in the third quarter, Holdings Channel reports. The fund owned 149,027 shares of the company’s stock after selling 58,862 shares during the period. Advisors Asset Management Inc.’s holdings in John Wiley & Sons were worth $7,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of WLY. GAMMA Investing LLC lifted its position in John Wiley & Sons by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after acquiring an additional 334 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in John Wiley & Sons during the 3rd quarter worth $57,000. Skandinaviska Enskilda Banken AB publ acquired a new position in John Wiley & Sons during the 2nd quarter worth $60,000. Point72 DIFC Ltd acquired a new position in John Wiley & Sons during the 2nd quarter worth $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in John Wiley & Sons during the 2nd quarter worth $121,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

NYSE:WLY opened at $50.07 on Thursday. The firm’s 50-day moving average is $49.28 and its 200-day moving average is $44.87. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $53.79. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). The company had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS.

John Wiley & Sons Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a $0.352 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a yield of 2.81%. John Wiley & Sons’s payout ratio is currently -70.50%.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction of $114,532.38. Following the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% 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.