TradeLink Capital LLC Buys 6,139 Shares of John Wiley & Sons, Inc. $WLY

TradeLink Capital LLC boosted its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 33.2% during the second quarter, Holdings Channel reports. The fund owned 24,657 shares of the company’s stock after acquiring an additional 6,139 shares during the period. John Wiley & Sons makes up approximately 3.2% of TradeLink Capital LLC’s holdings, making the stock its 10th biggest holding. TradeLink Capital LLC’s holdings in John Wiley & Sons were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of John Wiley & Sons during the first quarter worth approximately $208,000. PNC Financial Services Group Inc. raised its position in John Wiley & Sons by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $228,000 after purchasing an additional 295 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in John Wiley & Sons during the 1st quarter worth $515,000. Nuveen LLC acquired a new position in John Wiley & Sons during the 1st quarter worth $10,755,000. Finally, Public Sector Pension Investment Board boosted its position in John Wiley & Sons by 169.8% in the 1st quarter. Public Sector Pension Investment Board now owns 277,052 shares of the company’s stock valued at $12,345,000 after buying an additional 174,367 shares during the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Stock Performance

WLY stock opened at $36.36 on Monday. John Wiley & Sons, Inc. has a twelve month low of $32.92 and a twelve month high of $53.10. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $1.93 billion, a P/E ratio of 20.43 and a beta of 1.03. The business’s fifty day moving average is $37.28 and its 200-day moving average is $39.48.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $1.29 EPS for the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The business had revenue of $533.00 million during the quarter. Equities research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons declared that its Board of Directors has initiated a share buyback plan on Thursday, September 25th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 7th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, October 7th. John Wiley & Sons’s dividend payout ratio (DPR) is currently 79.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of John Wiley & Sons in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, John Wiley & Sons currently has an average rating of “Hold”.

John Wiley & Sons Profile

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.