ExodusPoint Capital Management LP Invests $1.03 Million in John Wiley & Sons, Inc. (NYSE:WLY)

ExodusPoint Capital Management LP purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 23,625 shares of the company’s stock, valued at approximately $1,033,000.

Several other hedge funds also recently made changes to their positions in WLY. Blue Trust Inc. grew its stake in shares of John Wiley & Sons by 114.6% during the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of John Wiley & Sons during the 4th quarter worth approximately $112,000. Nisa Investment Advisors LLC grew its stake in shares of John Wiley & Sons by 2,578.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock valued at $151,000 after buying an additional 3,300 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of John Wiley & Sons by 21.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,464 shares of the company’s stock valued at $151,000 after buying an additional 603 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of John Wiley & Sons by 10.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock valued at $161,000 after buying an additional 350 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Price Performance

NYSE:WLY opened at $41.45 on Friday. John Wiley & Sons, Inc. has a 1-year low of $34.85 and a 1-year high of $53.96. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $42.20 and a 200 day simple moving average of $45.54. The stock has a market capitalization of $2.23 billion, a PE ratio of -45.55 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business had revenue of $404.63 million during the quarter, compared to analysts’ expectations of $401.10 million. On average, research analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Tuesday, April 8th will be paid a $0.3525 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.41 annualized dividend and a dividend yield of 3.40%. John Wiley & Sons’s dividend payout ratio is presently 190.54%.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.