Resources Investment Advisors LLC. bought a new stake in John Wiley & Sons, Inc. (NYSE:WLY – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,481 shares of the company’s stock, valued at approximately $290,000.
Several other hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its position in shares of John Wiley & Sons by 37.4% during the 1st quarter. US Bancorp DE now owns 1,087 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in John Wiley & Sons by 131.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,865 shares of the company’s stock valued at $72,000 after acquiring an additional 1,058 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of John Wiley & Sons during the 3rd quarter valued at approximately $109,000. Parallel Advisors LLC increased its stake in shares of John Wiley & Sons by 143.1% during the 4th quarter. Parallel Advisors LLC now owns 2,750 shares of the company’s stock worth $110,000 after purchasing an additional 1,619 shares during the last quarter. Finally, Point72 Middle East FZE bought a new stake in shares of John Wiley & Sons in the 4th quarter worth approximately $126,000. Institutional investors own 73.12% of the company’s stock.
John Wiley & Sons Stock Down 1.2 %
Shares of NYSE WLY opened at $36.43 on Friday. The business’s fifty day moving average price is $34.30 and its 200-day moving average price is $37.42. John Wiley & Sons, Inc. has a one year low of $30.05 and a one year high of $52.18. The stock has a market capitalization of $2.01 billion, a PE ratio of 125.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.60 and a quick ratio of 0.57.
John Wiley & Sons Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, July 6th were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 5th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a dividend yield of 3.84%. John Wiley & Sons’s dividend payout ratio (DPR) is 482.76%.
Insider Activity
In other John Wiley & Sons news, Director David C. Dobson acquired 3,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $31.66 per share, for a total transaction of $94,980.00. Following the acquisition, the director now owns 7,952 shares in the company, valued at approximately $251,760.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
About John Wiley & Sons
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.
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