Bayesian Capital Management LP Purchases Shares of 5,559 John Wiley & Sons, Inc. (NYSE:WLY)

Bayesian Capital Management LP purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLY) during the first quarter, HoldingsChannel.com reports. The firm purchased 5,559 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of John Wiley & Sons by 96.9% in the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after acquiring an additional 371 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of John Wiley & Sons in the 4th quarter valued at $29,000. DekaBank Deutsche Girozentrale purchased a new stake in John Wiley & Sons during the 4th quarter worth $48,000. Adirondack Trust Co. increased its stake in John Wiley & Sons by 23.5% during the 4th quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after buying an additional 400 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in John Wiley & Sons by 5,897.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock worth $88,000 after buying an additional 2,713 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

John Wiley & Sons stock opened at $47.19 on Friday. John Wiley & Sons, Inc. has a 12-month low of $28.83 and a 12-month high of $49.20. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -12.96 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.52 and a quick ratio of 0.49. The firm’s fifty day moving average price is $41.84 and its 200 day moving average price is $38.10.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, June 13th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.40. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The firm had revenue of $468.46 million for the quarter, compared to the consensus estimate of $438.70 million. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s quarterly revenue was down 11.0% on a year-over-year basis. On average, research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.3525 per share. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 2.99%. The ex-dividend date was Tuesday, July 9th. John Wiley & Sons’s dividend payout ratio (DPR) is currently -38.74%.

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.