Shares of Scholastic Corporation (NASDAQ:SCHL - Get Free Report) saw an uptick in 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 Stock Performance
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.23 and a quick ratio of 0.79. The stock has a market capitalization of $607.24 million, a P/E ratio of 35.89 and a beta of 1.08. The company has a fifty day moving average of $19.48 and a two-hundred day moving average of $19.28.
Scholastic Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, August 29th. Scholastic's dividend payout ratio (DPR) is presently 133.33%.
Hedge Funds Weigh In On Scholastic
Several institutional investors have recently made changes to their positions in SCHL. Signaturefd LLC grew its holdings in shares of Scholastic by 819.5% during the second quarter. Signaturefd LLC now owns 1,223 shares of the company's stock valued at $26,000 after purchasing an additional 1,090 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Scholastic during the fourth quarter worth approximately $33,000. GAMMA Investing LLC boosted its position in shares of 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 period. CWM LLC boosted its position in shares of 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 period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Scholastic during the fourth quarter worth approximately $96,000. 82.57% of the stock is owned by institutional investors.
About Scholastic
(
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.
Recommended Stories
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
