28,854 Shares in Scholastic Co. (NASDAQ:SCHL) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in Scholastic Co. (NASDAQ:SCHL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,854 shares of the company's stock, valued at approximately $615,000. Dynamic Technology Lab Private Ltd owned about 0.10% of Scholastic as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of Scholastic by 1.1% in the 4th quarter. Rhumbline Advisers now owns 81,637 shares of the company's stock worth $1,741,000 after purchasing an additional 860 shares during the period. FMR LLC boosted its stake in shares of Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company's stock worth $75,000 after purchasing an additional 869 shares during the period. KBC Group NV raised its position in Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company's stock worth $52,000 after purchasing an additional 1,359 shares during the period. Wells Fargo & Company MN lifted its stake in Scholastic by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 19,630 shares of the company's stock worth $419,000 after purchasing an additional 1,952 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Scholastic by 2.8% during the fourth quarter. Teacher Retirement System of Texas now owns 73,753 shares of the company's stock valued at $1,573,000 after buying an additional 2,012 shares during the last quarter. Institutional investors own 82.57% of the company's stock.

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Scholastic Trading Down 0.9 %

Shares of NASDAQ SCHL traded down $0.15 during midday trading on Friday, hitting $16.39. The company's stock had a trading volume of 365,969 shares, compared to its average volume of 260,688. The business's 50 day moving average is $19.44 and its two-hundred day moving average is $22.46. Scholastic Co. has a 12-month low of $16.24 and a 12-month high of $38.77. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The firm has a market cap of $460.58 million, a P/E ratio of -91.05 and a beta of 1.08.

Scholastic (NASDAQ:SCHL - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, April 30th. Scholastic's dividend payout ratio (DPR) is presently 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.