Bayesian Capital Management LP Buys Shares of 9,011 Scholastic Co. (NASDAQ:SCHL)

Bayesian Capital Management LP acquired a new position in Scholastic Co. (NASDAQ:SCHL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,011 shares of the company’s stock, valued at approximately $340,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in shares of Scholastic in the fourth quarter worth $25,000. EntryPoint Capital LLC purchased a new stake in shares of Scholastic in the first quarter worth $129,000. SG Americas Securities LLC boosted its position in shares of Scholastic by 14.3% during the fourth quarter. SG Americas Securities LLC now owns 4,517 shares of the company’s stock worth $170,000 after acquiring an additional 566 shares during the last quarter. Quest Partners LLC bought a new position in shares of Scholastic during the fourth quarter worth $172,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Scholastic by 4,475.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,079 shares of the company’s stock worth $191,000 after acquiring an additional 4,968 shares during the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, July 19th.

Scholastic Stock Performance

Shares of NASDAQ:SCHL opened at $31.33 on Thursday. The firm has a fifty day moving average price of $34.80 and a 200 day moving average price of $36.56. Scholastic Co. has a fifty-two week low of $28.64 and a fifty-two week high of $45.98. The firm has a market cap of $884.76 million, a price-to-earnings ratio of 21.61 and a beta of 1.02.

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.55%. Scholastic’s dividend payout ratio (DPR) is currently 55.17%.

Insider Buying and Selling at Scholastic

In other Scholastic news, EVP Iole Lucchese acquired 1,654 shares of the stock in a transaction on Tuesday, July 23rd. The stock was acquired at an average price of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the transaction, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Scholastic news, EVP Iole Lucchese acquired 1,654 shares of the stock in a transaction on Tuesday, July 23rd. The stock was acquired at an average price of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the transaction, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Warwick Peter acquired 1,674 shares of the stock in a transaction on Tuesday, July 23rd. The shares were acquired at an average price of $30.46 per share, with a total value of $50,990.04. Following the transaction, the chief executive officer now directly owns 104,349 shares of the company’s stock, valued at $3,178,470.54. The disclosure for this purchase can be found here. 18.62% of the stock is owned by company insiders.

Scholastic 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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.