Westfield Capital Management Co. LP Has $9.74 Million Position in John Wiley & Sons, Inc. (NYSE:WLY)

Westfield Capital Management Co. LP boosted its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,767 shares of the company’s stock after buying an additional 3,481 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.37% of John Wiley & Sons worth $9,735,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of John Wiley & Sons in the third quarter worth approximately $57,000. GAMMA Investing LLC grew its stake in John Wiley & Sons by 39.2% during the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after purchasing an additional 334 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in John Wiley & Sons in the second quarter worth approximately $60,000. Point72 DIFC Ltd acquired a new position in John Wiley & Sons in the second quarter valued at approximately $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of John Wiley & Sons during the 2nd quarter worth approximately $121,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Trading Up 2.4 %

NYSE:WLY opened at $52.16 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a twelve month low of $29.04 and a twelve month high of $53.79. The company has a fifty day moving average of $49.64 and a 200-day moving average of $45.09.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The company had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same quarter in the prior year, the company posted $0.27 EPS. John Wiley & Sons’s revenue for the quarter was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.70%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is currently -70.50%.

Insider Buying and Selling at John Wiley & Sons

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

John Wiley & Sons 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.