Invesco Ltd. Purchases 142,954 Shares of Scholastic Co. (NASDAQ:SCHL)

Invesco Ltd. lifted its position in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 81.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 317,975 shares of the company's stock after buying an additional 142,954 shares during the quarter. Invesco Ltd. owned about 1.13% of Scholastic worth $6,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV grew its stake in shares of Scholastic by 125.4% in the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock worth $52,000 after purchasing an additional 1,359 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Scholastic during the 4th quarter worth approximately $96,000. Y Intercept Hong Kong Ltd increased its holdings in Scholastic by 127.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 14,762 shares of the company's stock worth $315,000 after buying an additional 8,278 shares during the last quarter. Wells Fargo & Company MN increased its position in Scholastic by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 19,630 shares of the company's stock worth $419,000 after buying an additional 1,952 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Scholastic by 43.0% in the 4th quarter. Inspire Investing LLC now owns 20,270 shares of the company's stock worth $432,000 after acquiring an additional 6,096 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Stock Performance

NASDAQ:SCHL traded down $0.26 on Wednesday, reaching $18.03. 333,229 shares of the company's stock were exchanged, compared to its average volume of 272,011. The firm has a market cap of $506.66 million, a price-to-earnings ratio of -100.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The stock has a fifty day simple moving average of $18.71 and a 200-day simple moving average of $21.53. Scholastic Co. has a 52 week low of $15.77 and a 52 week high of $38.77.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The company had revenue of $335.40 million during the quarter, compared to analysts' expectations of $347.68 million. As a group, sell-side analysts predict that Scholastic Co. will post 0.84 earnings per share 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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a yield of 4.44%. Scholastic's payout ratio is presently 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.