D.A. Davidson & CO. Takes Position in John Wiley & Sons, Inc. (NYSE:WLY)

D.A. Davidson & CO. purchased a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,228 shares of the company's stock, valued at approximately $2,134,000. D.A. Davidson & CO. owned approximately 0.08% of John Wiley & Sons at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in John Wiley & Sons by 39.2% in the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company's stock worth $57,000 after buying an additional 334 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of John Wiley & Sons in the third quarter worth $57,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of John Wiley & Sons in the second quarter worth $60,000. Point72 DIFC Ltd bought a new position in shares of John Wiley & Sons in the second quarter worth $100,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of John Wiley & Sons in the second quarter worth $121,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Performance

Shares of NYSE:WLY traded down $0.24 on Friday, hitting $52.18. The company's stock had a trading volume of 120,095 shares, compared to its average volume of 260,114. John Wiley & Sons, Inc. has a 12 month low of $29.04 and a 12 month high of $53.96. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -26.09 and a beta of 0.85. The stock's 50-day moving average is $50.25 and its two-hundred day moving average is $45.58. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57.

John Wiley & Sons (NYSE:WLY - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The firm had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. During the same period in the prior year, the business earned $0.27 EPS. The company's quarterly revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Tuesday, October 8th. John Wiley & Sons's dividend payout ratio is -70.50%.

Insider Activity

In other news, EVP Danielle Mcmahan sold 2,318 shares of the company's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the sale, the executive vice president now directly owns 8,978 shares of the company's stock, valued at $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

John Wiley & Sons Company 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.