John Wiley & Sons, Inc. (NYSE:WLY) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 26.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 35,106 shares of the company's stock after buying an additional 7,433 shares during the period. Wedge Capital Management L L P NC owned 0.07% of John Wiley & Sons worth $1,564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hsbc Holdings PLC raised its holdings in John Wiley & Sons by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,349 shares of the company's stock worth $322,000 after purchasing an additional 257 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in John Wiley & Sons by 10.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company's stock worth $161,000 after purchasing an additional 350 shares in the last quarter. Corebridge Financial Inc. raised its holdings in John Wiley & Sons by 1.9% during the fourth quarter. Corebridge Financial Inc. now owns 21,294 shares of the company's stock worth $931,000 after purchasing an additional 394 shares in the last quarter. Blue Trust Inc. grew its position in John Wiley & Sons by 114.6% during the fourth quarter. Blue Trust Inc. now owns 749 shares of the company's stock worth $36,000 after buying an additional 400 shares during the period. Finally, Access Investment Management LLC grew its position in John Wiley & Sons by 0.7% during the fourth quarter. Access Investment Management LLC now owns 67,325 shares of the company's stock worth $2,943,000 after buying an additional 455 shares during the period. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Price Performance

WLY traded down $0.86 on Friday, hitting $37.68. 478,775 shares of the company were exchanged, compared to its average volume of 375,829. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The business's fifty day moving average is $41.86 and its 200 day moving average is $42.84. John Wiley & Sons, Inc. has a fifty-two week low of $37.30 and a fifty-two week high of $53.96. The firm has a market capitalization of $2.03 billion, a P/E ratio of -41.41 and a beta of 0.88.

John Wiley & Sons Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were given a dividend of $0.3525 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 annualized dividend and a yield of 3.74%. John Wiley & Sons's payout ratio is currently 190.54%.

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.