John Wiley & Sons (NYSE:WLYB) Sees Strong Trading Volume – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB) saw unusually-high trading volume on Monday . Approximately 1,637 shares traded hands during trading, an increase of 49% from the previous session’s volume of 1,096 shares.The stock last traded at $35.2660 and had previously closed at $37.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of John Wiley & Sons in a research note on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

John Wiley & Sons Trading Down 6.3%

The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 19.59 and a beta of 0.81. The business’s fifty day moving average is $38.66 and its 200 day moving average is $40.35. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

John Wiley & Sons (NYSE:WLYB) last released its earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $533.00 million during the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th were paid a $0.355 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.42 annualized dividend and a yield of 4.1%. John Wiley & Sons’s payout ratio is presently 79.78%.

Institutional Trading of John Wiley & Sons

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLYB) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,500 shares of the company’s stock, valued at approximately $201,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

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.