Scholastic Co. (NASDAQ:SCHL) is Corton Capital Inc.'s 4th Largest Position

Corton Capital Inc. raised its position in Scholastic Co. (NASDAQ:SCHL - Free Report) by 98.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,962 shares of the company's stock after purchasing an additional 14,859 shares during the quarter. Scholastic accounts for approximately 0.4% of Corton Capital Inc.'s portfolio, making the stock its 4th largest holding. Corton Capital Inc. owned about 0.11% of Scholastic worth $639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHL. KBC Group NV raised its position in shares of Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after purchasing an additional 1,359 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Scholastic during the 4th quarter worth $96,000. Sterling Capital Management LLC raised its stake in shares of Scholastic by 7.5% in the 4th quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock valued at $201,000 after purchasing an additional 662 shares in the last quarter. BOKF NA lifted 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 buying an additional 1,656 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake 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 purchasing an additional 8,278 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company's stock.

Scholastic Price Performance

SCHL opened at $18.45 on Tuesday. Scholastic Co. has a fifty-two week low of $15.77 and a fifty-two week high of $38.77. The firm has a market cap of $518.46 million, a price-to-earnings ratio of -102.49 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The company's 50-day moving average price is $18.56 and its 200 day moving average price is $21.29.

Scholastic (NASDAQ:SCHL - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.78) by $0.73. The company had revenue of $335.40 million for the quarter, compared to analyst estimates 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, sell-side analysts expect that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be issued 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 4.34%. Scholastic's payout ratio is 133.33%.

Scholastic Company 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.

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