Loomis Sayles & Co. L P Sells 7,897 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Loomis Sayles & Co. L P cut its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,281 shares of the company’s stock after selling 7,897 shares during the period. Loomis Sayles & Co. L P owned 0.38% of John Wiley & Sons worth $9,953,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WLY. Tidal Investments LLC increased its position in shares of John Wiley & Sons by 257.7% during the first quarter. Tidal Investments LLC now owns 24,296 shares of the company’s stock valued at $925,000 after buying an additional 17,504 shares during the period. Wedge Capital Management L L P NC bought a new stake in John Wiley & Sons during the 2nd quarter worth approximately $1,240,000. Eagle Asset Management Inc. lifted its stake in John Wiley & Sons by 40.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 407,997 shares of the company’s stock worth $21,273,000 after purchasing an additional 116,772 shares in the last quarter. Victory Capital Management Inc. lifted its stake in John Wiley & Sons by 113.6% in the 3rd quarter. Victory Capital Management Inc. now owns 35,762 shares of the company’s stock worth $1,726,000 after purchasing an additional 19,017 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in John Wiley & Sons in the 2nd quarter valued at $1,418,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares in the company, valued at approximately $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

John Wiley & Sons Trading Down 1.3 %

John Wiley & Sons stock opened at $52.42 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. John Wiley & Sons, Inc. has a fifty-two week low of $29.04 and a fifty-two week high of $53.96. The stock has a market cap of $2.85 billion, a P/E ratio of -26.21 and a beta of 0.85. The firm’s fifty day moving average price is $49.90 and its 200-day moving average price is $45.34.

John Wiley & Sons (NYSE:WLY) last announced its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share 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 the consensus estimate of $387.40 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. John Wiley & Sons’s revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were paid a $0.352 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a yield of 2.69%. John Wiley & Sons’s dividend payout ratio is presently -70.50%.

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.