Access Investment Management LLC Invests $1.39 Million in John Wiley & Sons, Inc. (NYSE:WLY)

Access Investment Management LLC acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,705 shares of the company's stock, valued at approximately $1,387,000. Access Investment Management LLC owned approximately 0.08% of John Wiley & Sons as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. acquired a new stake in shares of John Wiley & Sons in the 4th quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new stake in John Wiley & Sons in the fourth quarter worth approximately $48,000. Adirondack Trust Co. bought a new position in John Wiley & Sons during the 3rd quarter valued at $63,000. Allspring Global Investments Holdings LLC increased its position in shares of John Wiley & Sons by 5,897.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company's stock valued at $88,000 after purchasing an additional 2,713 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of John Wiley & Sons in the 3rd quarter worth $89,000. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock traded down $1.04 during trading on Friday, hitting $38.03. The stock had a trading volume of 181,554 shares, compared to its average volume of 254,016. The business has a fifty day moving average of $37.53 and a two-hundred day moving average of $33.96. John Wiley & Sons, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $40.23. The firm has a market cap of $2.08 billion, a P/E ratio of -13.20 and a beta of 0.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.14. The company had revenue of $460.70 million during the quarter, compared to the consensus estimate of $392.60 million. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. John Wiley & Sons's revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. On average, sell-side analysts expect that John Wiley & Sons, Inc. will post 2.55 earnings per share for the current fiscal year.

John Wiley & Sons Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.40 annualized dividend and a yield of 3.68%. John Wiley & Sons's dividend payout ratio (DPR) is -48.61%.

Insider Buying and Selling at John Wiley & Sons

In other news, EVP Jay Flynn sold 6,114 shares of the firm's stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $38.82, for a total transaction of $237,345.48. Following the completion of the sale, the executive vice president now directly owns 8,069 shares of the company's stock, valued at approximately $313,238.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by corporate insiders.

John Wiley & Sons Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.