J. Goldman & Co LP Invests $18.89 Million in Scholastic Co. (NASDAQ:SCHL)

J. Goldman & Co LP acquired a new stake in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 885,722 shares of the company's stock, valued at approximately $18,892,000. J. Goldman & Co LP owned 3.15% of Scholastic as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SCHL. Sterling Capital Management LLC grew its holdings in Scholastic by 7.5% during the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock valued at $201,000 after buying an additional 662 shares in the last quarter. Rhumbline Advisers grew its stake in Scholastic by 1.1% during the fourth quarter. Rhumbline Advisers now owns 81,637 shares of the company's stock valued at $1,741,000 after acquiring an additional 860 shares in the last quarter. KBC Group NV grew its stake in Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after acquiring an additional 1,359 shares in the last quarter. BOKF NA increased its holdings in Scholastic by 17.7% during the 4th quarter. BOKF NA now owns 10,987 shares of the company's stock worth $234,000 after acquiring an additional 1,656 shares during the period. Finally, State of Tennessee Department of Treasury lifted its stake in Scholastic by 13.1% in the 4th quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company's stock worth $349,000 after purchasing an additional 1,902 shares in the last quarter. Hedge funds and other institutional investors own 82.57% of the company's stock.

Scholastic Price Performance

Shares of SCHL traded up $0.20 during mid-day trading on Friday, reaching $18.04. 253,158 shares of the stock traded hands, compared to its average volume of 279,591. The company has a market cap of $506.94 million, a price-to-earnings ratio of -100.22 and a beta of 1.06. Scholastic Co. has a 1 year low of $15.77 and a 1 year high of $38.77. The firm has a fifty day moving average price of $18.13 and a 200 day moving average price of $20.99. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million during the quarter, compared to analysts' expectations of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, equities research analysts predict that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic's dividend payout ratio (DPR) is 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.