Scholastic Co. (NASDAQ:SCHL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Scholastic Co. (NASDAQ:SCHL) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,490 shares of the company’s stock after selling 355 shares during the period. Yousif Capital Management LLC’s holdings in Scholastic were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cornercap Investment Counsel Inc. acquired a new position in shares of Scholastic in the fourth quarter worth $974,000. Oak Family Advisors LLC lifted its position in shares of Scholastic by 15.2% during the 4th quarter. Oak Family Advisors LLC now owns 27,728 shares of the company’s stock worth $1,045,000 after purchasing an additional 3,656 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Scholastic by 14.3% during the 4th quarter. SG Americas Securities LLC now owns 4,517 shares of the company’s stock worth $170,000 after purchasing an additional 566 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Scholastic during the 3rd quarter worth $672,000. Finally, Aviva PLC purchased a new stake in shares of Scholastic during the 3rd quarter worth $359,000. Institutional investors and hedge funds own 82.57% of the company’s stock.

Insider Buying and Selling at Scholastic

In other news, EVP Iole Lucchese sold 400,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $33.51, for a total transaction of $13,404,000.00. Following the transaction, the executive vice president now directly owns 579,247 shares in the company, valued at $19,410,566.97. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.62% of the stock is currently owned by company insiders.

Scholastic Trading Up 0.6 %

Scholastic stock opened at $36.15 on Monday. Scholastic Co. has a 12-month low of $32.50 and a 12-month high of $45.98. The stock has a market cap of $1.03 billion, a P/E ratio of 24.93 and a beta of 1.06. The company has a fifty day simple moving average of $37.06 and a 200-day simple moving average of $37.98.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.80) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.80). The firm had revenue of $323.70 million during the quarter, compared to analysts’ expectations of $329.21 million. Scholastic had a net margin of 3.16% and a return on equity of 5.57%. During the same period in the previous year, the company earned ($0.57) earnings per share. As a group, sell-side analysts forecast that Scholastic Co. will post 2.01 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, April 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.21%. Scholastic’s dividend payout ratio is presently 55.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd.

About Scholastic

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment engages in publication and distribution of children's books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.