KLP Kapitalforvaltning AS Buys Shares of 4,500 Scholastic Co. (NASDAQ:SCHL)

KLP Kapitalforvaltning AS bought a new position in shares of Scholastic Co. (NASDAQ:SCHL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,500 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after acquiring an additional 869 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Scholastic by 99.6% during the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock worth $311,000 after purchasing an additional 4,845 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Scholastic by 40.7% during the third quarter. Jane Street Group LLC now owns 52,509 shares of the company’s stock worth $1,681,000 after purchasing an additional 15,183 shares during the last quarter. Barclays PLC raised its holdings in Scholastic by 291.6% in the 3rd quarter. Barclays PLC now owns 41,228 shares of the company’s stock valued at $1,319,000 after buying an additional 30,699 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in Scholastic by 43.0% during the 4th quarter. Inspire Investing LLC now owns 20,270 shares of the company’s stock worth $432,000 after buying an additional 6,096 shares during the period. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Trading Down 4.2 %

SCHL opened at $16.54 on Friday. The company’s 50 day moving average price is $19.49 and its two-hundred day moving average price is $22.60. The firm has a market capitalization of $464.79 million, a price-to-earnings ratio of -91.88 and a beta of 1.08. Scholastic Co. has a fifty-two week low of $16.24 and a fifty-two week high of $38.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, research analysts predict that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.84%. Scholastic’s dividend payout ratio (DPR) is currently 133.33%.

About Scholastic

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.