Mutual of America Capital Management LLC Trims Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Mutual of America Capital Management LLC trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 10.3% during the third quarter, Holdings Channel reports. The firm owned 6,201 shares of the company’s stock after selling 713 shares during the quarter. Mutual of America Capital Management LLC’s holdings in John Wiley & Sons were worth $299,000 as of its most recent filing with the SEC.

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

Insider Activity at John Wiley & Sons

In other John Wiley & Sons 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 value of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

John Wiley & Sons Stock Down 1.3 %

WLY stock opened at $52.42 on Friday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -26.21 and a beta of 0.85. The company has a 50-day moving average of $50.14 and a two-hundred day moving average of $45.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $53.96.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the company posted $0.27 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors 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 annualized dividend and a yield of 2.69%. John Wiley & Sons’s dividend payout ratio (DPR) is currently -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.