Bragg Financial Advisors Inc Sells 52,271 Shares of Scholastic Co. (NASDAQ:SCHL)

Bragg Financial Advisors Inc lowered its position in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 14.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 321,841 shares of the company's stock after selling 52,271 shares during the quarter. Bragg Financial Advisors Inc owned approximately 1.15% of Scholastic worth $6,865,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after buying an additional 869 shares during the last quarter. KBC Group NV grew its stake in shares of Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after purchasing an additional 1,359 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Scholastic in the fourth quarter valued at approximately $96,000. Sterling Capital Management LLC raised its position in Scholastic by 7.5% in the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after purchasing an additional 662 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Scholastic by 99.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company's stock worth $311,000 after buying an additional 4,845 shares in the last quarter. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Trading Up 2.9 %

Shares of NASDAQ SCHL traded up $0.46 during midday trading on Friday, hitting $16.30. The stock had a trading volume of 389,482 shares, compared to its average volume of 264,962. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. Scholastic Co. has a fifty-two week low of $15.77 and a fifty-two week high of $38.77. The firm has a market cap of $458.05 million, a P/E ratio of -90.55 and a beta of 1.08. The company's 50-day simple moving average is $19.19 and its 200 day simple moving average is $22.06.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.78) by $0.73. The company had revenue of $335.40 million for the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Research analysts anticipate that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.91%. The ex-dividend date is Wednesday, April 30th. Scholastic's payout ratio is 133.33%.

Scholastic Profile

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 print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.