Clarkston Capital Partners LLC Lowers Position in John Wiley & Sons, Inc. (NYSE:WLY)

Clarkston Capital Partners LLC decreased its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,283,331 shares of the company’s stock after selling 116,511 shares during the quarter. John Wiley & Sons makes up 2.9% of Clarkston Capital Partners LLC’s portfolio, making the stock its 12th biggest holding. Clarkston Capital Partners LLC owned 6.05% of John Wiley & Sons worth $158,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UniSuper Management Pty Ltd purchased a new stake in John Wiley & Sons in the 1st quarter worth approximately $532,000. Tidal Investments LLC increased its stake in shares of John Wiley & Sons by 257.7% in the first quarter. Tidal Investments LLC now owns 24,296 shares of the company’s stock worth $925,000 after purchasing an additional 17,504 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of John Wiley & Sons during the 1st quarter valued at $482,000. Russell Investments Group Ltd. lifted its stake in shares of John Wiley & Sons by 36.9% during the 1st quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company’s stock valued at $2,233,000 after buying an additional 15,779 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in John Wiley & Sons in the 2nd quarter worth $1,240,000. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Down 2.5 %

NYSE:WLY opened at $51.43 on Monday. The business’s 50-day simple moving average is $48.99 and its two-hundred day simple moving average is $44.65. 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 current ratio of 0.57 and a quick ratio of 0.53.

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 analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $387.40 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were paid a dividend of $0.352 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.41 annualized dividend and a yield of 2.74%. John Wiley & Sons’s payout ratio is -70.50%.

Insider Buying and Selling at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the transaction, the executive vice president now owns 8,978 shares in the company, valued at $443,602.98. This trade represents a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

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.