Azarias Capital Management L.P. Has $9.98 Million Stock Holdings in Scholastic Co. (NASDAQ:SCHL)

Azarias Capital Management L.P. raised its holdings in shares of Scholastic Co. (NASDAQ:SCHL - Free Report) by 71.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 467,783 shares of the company's stock after acquiring an additional 195,507 shares during the quarter. Scholastic makes up 4.5% of Azarias Capital Management L.P.'s portfolio, making the stock its 10th largest holding. Azarias Capital Management L.P. owned 1.66% of Scholastic worth $9,978,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SCHL. Meeder Asset Management Inc. purchased a new position in Scholastic during the third quarter valued at approximately $46,000. KBC Group NV raised its stake in Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after purchasing an additional 1,359 shares in the last quarter. FMR LLC raised its position in shares of Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company's stock valued at $75,000 after buying an additional 869 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Scholastic during the 3rd quarter valued at about $243,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Scholastic by 99.6% in the 3rd 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 last quarter. Institutional investors own 82.57% of the company's stock.

Scholastic Trading Up 3.7 %

SCHL traded up $0.75 on Monday, hitting $21.03. The company had a trading volume of 340,146 shares, compared to its average volume of 273,003. Scholastic Co. has a 12-month low of $17.72 and a 12-month high of $40.74. The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The business's fifty day simple moving average is $21.10 and its 200 day simple moving average is $25.77. The company has a market cap of $590.94 million, a PE ratio of -116.83 and a beta of 1.08.

Scholastic (NASDAQ:SCHL - Get Free Report) last announced its earnings results on Thursday, December 19th. The company reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Equities research analysts expect that Scholastic Co. will post 0.84 EPS for the current year.

Scholastic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, January 31st. Scholastic's dividend payout ratio (DPR) is -444.42%.

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.