Neuberger Berman Group LLC Lowers Stock Position in Scholastic Co. (NASDAQ:SCHL)

Neuberger Berman Group LLC cut its position in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 860,509 shares of the company's stock after selling 500,995 shares during the quarter. Neuberger Berman Group LLC owned approximately 3.06% of Scholastic worth $18,355,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. FMR LLC boosted its position in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after acquiring an additional 869 shares during the period. BNP Paribas Financial Markets increased its position in shares of Scholastic by 99.6% in the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company's stock valued at $311,000 after acquiring an additional 4,845 shares during the period. Jane Street Group LLC lifted its stake in Scholastic by 40.7% in the third quarter. Jane Street Group LLC now owns 52,509 shares of the company's stock worth $1,681,000 after acquiring an additional 15,183 shares during the period. Barclays PLC lifted its holdings in Scholastic by 291.6% in the third quarter. Barclays PLC now owns 41,228 shares of the company's stock worth $1,319,000 after buying an additional 30,699 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Scholastic by 43.0% in the 4th quarter. Inspire Investing LLC now owns 20,270 shares of the company's stock worth $432,000 after buying an additional 6,096 shares during the period. 82.57% of the stock is owned by hedge funds and other institutional investors.

Scholastic Stock Down 0.8 %

NASDAQ SCHL traded down $0.13 during mid-day trading on Wednesday, reaching $16.04. The stock had a trading volume of 115,094 shares, compared to its average volume of 261,878. Scholastic Co. has a 1 year low of $15.81 and a 1 year high of $38.77. The company has a fifty day moving average price of $19.34 and a 200 day moving average price of $22.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The stock has a market cap of $450.74 million, a PE ratio of -89.11 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, beating the consensus estimate of ($0.78) by $0.73. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The company had revenue of $335.40 million for the quarter, compared to the consensus estimate of $347.68 million. On average, research analysts expect that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 4.99%. The ex-dividend date is Wednesday, April 30th. Scholastic's dividend payout ratio (DPR) is 133.33%.

About Scholastic

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.