John Wiley & Sons (NYSE:WLYB) Shares Down 5.7% - Here's What Happened

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) was down 5.7% during trading on Monday . The stock traded as low as $43.95 and last traded at $40.79. Approximately 204 shares traded hands during trading, a decline of 71% from the average daily volume of 701 shares. The stock had previously closed at $43.26.

John Wiley & Sons Stock Performance

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 stock has a market cap of $2.11 billion, a P/E ratio of -43.01 and a beta of 0.73. The firm's 50 day moving average is $43.26 and its 200 day moving average is $44.13.

John Wiley & Sons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th were paid a $0.3525 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.60%. John Wiley & Sons's payout ratio is currently 190.54%.

Institutional Trading of John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,500 shares of the company's stock, valued at approximately $201,000. 0.49% of the stock is currently owned by institutional investors.

About John Wiley & Sons

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.