Principal Financial Group Inc. Purchases 3,076 Shares of Scholastic Corporation (NASDAQ:SCHL)

Principal Financial Group Inc. boosted its position in shares of Scholastic Corporation (NASDAQ:SCHL) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,522 shares of the company’s stock after purchasing an additional 3,076 shares during the period. Principal Financial Group Inc. owned about 0.44% of Scholastic worth $2,332,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock valued at $34,000 after purchasing an additional 1,147 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Scholastic by 25.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,646 shares of the company’s stock valued at $974,000 after purchasing an additional 9,293 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Scholastic by 30.6% during the fourth quarter. Vident Advisory LLC now owns 19,028 shares of the company’s stock valued at $406,000 after purchasing an additional 4,453 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Scholastic by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company’s stock valued at $282,000 after purchasing an additional 530 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Scholastic during the fourth quarter valued at approximately $33,000. 82.57% of the stock is currently owned by institutional investors.

Scholastic Trading Down 0.4%

NASDAQ:SCHL opened at $21.32 on Friday. Scholastic Corporation has a 52 week low of $15.77 and a 52 week high of $34.18. The firm has a 50 day moving average of $19.48 and a 200 day moving average of $19.30. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $599.09 million, a price-to-earnings ratio of 35.53 and a beta of 1.08.

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.75%. Scholastic’s dividend payout ratio is currently 133.33%.

Scholastic Company Profile

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.