Scholastic Corporation (NASDAQ:SCHL - Get Free Report) shares saw strong trading volume on Friday . 249,459 shares were traded during mid-day trading, a decline of 15% from the previous session's volume of 292,845 shares.The stock last traded at $21.26 and had previously closed at $21.03.
Scholastic Price Performance
The company has a 50 day simple moving average of $19.43 and a 200-day simple moving average of $19.30. The stock has a market cap of $601.26 million, a price-to-earnings ratio of 35.68 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29.
Scholastic Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, August 29th. Scholastic's payout ratio is 133.33%.
Hedge Funds Weigh In On Scholastic
Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC increased its position in Scholastic by 819.5% during the second quarter. Signaturefd LLC now owns 1,223 shares of the company's stock worth $26,000 after buying an additional 1,090 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Scholastic during the fourth quarter worth approximately $33,000. GAMMA Investing LLC increased its position in Scholastic by 182.4% during the first quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after buying an additional 1,147 shares during the last quarter. CWM LLC increased its position in Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock worth $79,000 after buying an additional 3,505 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Scholastic during the fourth quarter worth approximately $96,000. Institutional investors own 82.57% of the company's stock.
Scholastic Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Scholastic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scholastic wasn't on the list.
While Scholastic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
