Caxton Associates LLP Invests $353,000 in Scholastic Corporation $SCHL

Key Points

• Caxton Associates LLP invested approximately $353,000 in Scholastic Corporation by acquiring 18,713 shares, marking a new position for the hedge fund.
• Scholastic recently announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 2.9% despite a significant negative payout ratio.
• Analysts maintain an average rating of "Buy" for Scholastic, with a target price of $37.00, although one firm downgraded its rating to "hold."

Caxton Associates LLP acquired a new position in Scholastic Corporation (NASDAQ:SCHL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,713 shares of the company's stock, valued at approximately $353,000. Caxton Associates LLP owned about 0.07% of Scholastic at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peapod Lane Capital LLC bought a new stake in shares of Scholastic during the 1st quarter valued at $505,000. GAMMA Investing LLC grew its holdings in Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock valued at $34,000 after purchasing an additional 1,147 shares during the period. Victory Capital Management Inc. purchased a new stake in Scholastic in the first quarter worth about $414,000. Allianz Asset Management GmbH raised its stake in shares of Scholastic by 21.6% in the first quarter. Allianz Asset Management GmbH now owns 254,340 shares of the company's stock worth $4,802,000 after buying an additional 45,253 shares during the period. Finally, Ananym Capital Management LP purchased a new position in shares of Scholastic during the 1st quarter valued at about $23,600,000. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Price Performance

Scholastic stock traded down $0.46 during midday trading on Monday, reaching $27.07. 311,347 shares of the stock traded hands, compared to its average volume of 223,246. The stock has a market cap of $678.10 million, a P/E ratio of -676.75 and a beta of 1.24. The stock's fifty day moving average is $24.59 and its 200-day moving average is $20.77. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. Scholastic Corporation has a 12 month low of $15.77 and a 12 month high of $34.18.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Scholastic had a positive return on equity of 1.39% and a negative net margin of 0.12%.The business had revenue of $508.30 million for the quarter, compared to analysts' expectations of $494.59 million. Scholastic has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Scholastic Corporation will post 0.84 EPS for the current year.

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 29th. Scholastic's dividend payout ratio (DPR) is presently -2,000.00%.

Wall Street Analysts Forecast Growth

SCHL has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Scholastic from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. B. Riley initiated coverage on Scholastic in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price target for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Scholastic currently has an average rating of "Buy" and an average price target of $37.00.

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 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.