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

John Wiley & Sons, Inc. (NYSE:WLY) shares 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 traded.

John Wiley & Sons Trading Down 0.1 %

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

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). The business had revenue of $403.81 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 earnings per share. On average, research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

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

Institutional Trading of John Wiley & Sons

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after buying an additional 371 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in John Wiley & Sons during the second quarter valued at $60,000. Adirondack Trust Co. grew its position in shares of John Wiley & Sons by 23.5% in the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of John Wiley & Sons during the second quarter worth about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of John Wiley & Sons during the 2nd quarter worth about $121,000. 73.94% of the stock is owned by hedge funds and other institutional investors.

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.