Corton Capital Inc. Reduces Position in Skillsoft Corp. (NYSE:SKIL)

Corton Capital Inc. cut its stake in Skillsoft Corp. (NYSE:SKIL - Free Report) by 61.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,365 shares of the company's stock after selling 16,528 shares during the quarter. Corton Capital Inc. owned 0.13% of Skillsoft worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Bank of America Corp DE grew its position in Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after purchasing an additional 1,343 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Skillsoft during the fourth quarter valued at approximately $251,000. Corient Private Wealth LLC bought a new stake in Skillsoft during the fourth quarter worth $286,000. JPMorgan Chase & Co. boosted its position in Skillsoft by 12,013.1% in the fourth quarter. JPMorgan Chase & Co. now owns 16,595 shares of the company's stock worth $398,000 after purchasing an additional 16,458 shares during the last quarter. Finally, Barclays PLC grew its stake in Skillsoft by 644.5% in the 4th quarter. Barclays PLC now owns 18,896 shares of the company's stock valued at $452,000 after purchasing an additional 16,358 shares during the period. Institutional investors own 87.00% of the company's stock.

Skillsoft Stock Performance

Shares of NYSE SKIL traded up $0.24 during mid-day trading on Friday, reaching $20.24. 13,061 shares of the company's stock were exchanged, compared to its average volume of 50,848. The firm has a 50-day moving average price of $19.61 and a two-hundred day moving average price of $21.44. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $168.42 million, a price-to-earnings ratio of -0.49 and a beta of 1.59. Skillsoft Corp. has a 52 week low of $7.39 and a 52 week high of $34.43.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.