Daiwa Securities Group Inc. Makes New $29,000 Investment in John Wiley & Sons, Inc. (NYSE:WLY)

Daiwa Securities Group Inc. acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 900 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of John Wiley & Sons during the fourth quarter worth $48,000. Adirondack Trust Co. acquired a new stake in shares of John Wiley & Sons in the 3rd quarter worth about $63,000. Allspring Global Investments Holdings LLC increased its holdings in shares of John Wiley & Sons by 5,897.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock worth $88,000 after acquiring an additional 2,713 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of John Wiley & Sons in the 3rd quarter worth about $89,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of John Wiley & Sons in the 4th quarter worth about $100,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total value of $237,345.48. Following the completion of the transaction, the executive vice president now directly owns 8,069 shares in the company, valued at $313,238.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

John Wiley & Sons Trading Up 1.1 %

WLY stock opened at $38.35 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $36.53 and its 200 day simple moving average is $33.41. John Wiley & Sons, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $40.23.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter, beating 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 analyst estimates of $392.60 million. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts predict that John Wiley & Sons, Inc. will post 2.55 EPS for the current year.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, April 8th. John Wiley & Sons’s payout ratio is -48.61%.

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.