Wedge Capital Management L L P NC Increases Position in John Wiley & Sons, Inc. (NYSE:WLY)

Wedge Capital Management L L P NC lifted its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 26.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,106 shares of the company's stock after purchasing an additional 7,433 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of John Wiley & Sons worth $1,564,000 as of its most recent filing with the Securities & Exchange Commission.

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

John Wiley & Sons Trading Down 1.1%

Shares of John Wiley & Sons stock traded down $0.43 during trading hours on Thursday, hitting $38.57. The company's stock had a trading volume of 356,884 shares, compared to its average volume of 379,911. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -42.38 and a beta of 0.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. John Wiley & Sons, Inc. has a twelve month low of $37.30 and a twelve month high of $53.96. The firm has a fifty day moving average of $41.89 and a 200-day moving average of $43.01.

John Wiley & Sons Dividend Announcement

The business also recently declared 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. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Tuesday, April 8th. John Wiley & Sons's dividend payout ratio is presently 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.