Penbrook Management LLC Makes New $210,000 Investment in John Wiley & Sons, Inc. (NYSE:WLY)

Penbrook Management LLC bought a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,500 shares of the company’s stock, valued at approximately $210,000.

Several other large investors have also modified their holdings of WLY. Cardinal Capital Management raised its stake in John Wiley & Sons by 23.6% during the first quarter. Cardinal Capital Management now owns 28,560 shares of the company’s stock worth $1,089,000 after purchasing an additional 5,462 shares during the period. GAMMA Investing LLC grew its holdings in John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Adirondack Trust Co. lifted its position in shares of John Wiley & Sons by 23.5% in 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 last quarter. Scalar Gauge Management LLC bought a new position in shares of John Wiley & Sons in the 4th quarter worth about $2,361,000. Finally, Schroder Investment Management Group lifted its position in shares of John Wiley & Sons by 27.5% in the 4th quarter. Schroder Investment Management Group now owns 1,402,002 shares of the company’s stock worth $44,500,000 after buying an additional 302,491 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Stock Performance

NYSE:WLY traded up $1.15 during mid-day trading on Tuesday, hitting $41.84. The stock had a trading volume of 315,630 shares, compared to its average volume of 360,246. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -11.35 and a beta of 0.86. The company has a 50 day simple moving average of $38.26 and a 200-day simple moving average of $35.93. John Wiley & Sons, Inc. has a 52 week low of $28.83 and a 52 week high of $43.72. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.04.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data 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. The company had revenue of $468.46 million for the quarter, compared to analysts’ expectations of $438.70 million. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The business’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. On average, research analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th will be paid a $0.3525 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 dividend on an annualized basis and a yield of 3.37%. John Wiley & Sons’s payout ratio is -38.46%.

Insider Buying and Selling at John Wiley & Sons

In related news, EVP Jay Flynn sold 6,114 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total transaction of $237,345.48. Following the transaction, the executive vice president now owns 8,069 shares of the company’s stock, valued at $313,238.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

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.