Royce & Associates LP Sells 14,181 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Royce & Associates LP lessened its position in John Wiley & Sons, Inc. (NYSE:WLY) by 30.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,007 shares of the company’s stock after selling 14,181 shares during the period. Royce & Associates LP’s holdings in John Wiley & Sons were worth $1,593,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WLY. Louisiana State Employees Retirement System increased its position in John Wiley & Sons by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $863,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of John Wiley & Sons by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after acquiring an additional 334 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in John Wiley & Sons by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,308 shares of the company’s stock valued at $786,000 after purchasing an additional 380 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in John Wiley & Sons by 5.8% during the third quarter. Verdence Capital Advisors LLC now owns 7,617 shares of the company’s stock worth $368,000 after purchasing an additional 417 shares during the period. Finally, Access Investment Management LLC raised its position in shares of John Wiley & Sons by 0.7% in the second quarter. Access Investment Management LLC now owns 66,755 shares of the company’s stock valued at $2,717,000 after purchasing an additional 480 shares during the period. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $49.89 on Wednesday. John Wiley & Sons, Inc. has a 52 week low of $29.04 and a 52 week high of $53.79. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -24.95 and a beta of 0.85. The company has a 50-day simple moving average of $49.15 and a 200 day simple moving average of $44.79. 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 (NYSE:WLY) last posted its earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). The firm had revenue of $403.81 million during the quarter, compared to analyst estimates of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. John Wiley & Sons’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.27 EPS.

John Wiley & Sons Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a $0.352 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.82%. John Wiley & Sons’s payout ratio is presently -70.50%.

Insider Activity at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, 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 filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

About John Wiley & Sons

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.