Scholastic (NASDAQ:SCHL) Sets New 1-Year Low - Here's Why

Scholastic Co. (NASDAQ:SCHL - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $17.48 and last traded at $18.33, with a volume of 188314 shares changing hands. The stock had previously closed at $18.04.

Scholastic Stock Up 4.5 %

The stock has a market cap of $485.02 million, a P/E ratio of -95.88 and a beta of 1.08. The firm has a 50 day simple moving average of $19.54 and a two-hundred day simple moving average of $22.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24.

Scholastic (NASDAQ:SCHL - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 0.27% and a positive return on equity of 1.91%. Equities research analysts predict that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given a $0.20 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Scholastic's dividend payout ratio (DPR) is 133.33%.

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Institutional Trading of Scholastic

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in Scholastic by 5,230.8% in the first quarter. GAMMA Investing LLC now owns 33,531 shares of the company's stock worth $633,000 after acquiring an additional 32,902 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Scholastic by 25.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,646 shares of the company's stock worth $974,000 after purchasing an additional 9,293 shares in the last quarter. Vident Advisory LLC lifted its stake in Scholastic by 30.6% during the fourth quarter. Vident Advisory LLC now owns 19,028 shares of the company's stock valued at $406,000 after purchasing an additional 4,453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Scholastic by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,221 shares of the company's stock worth $282,000 after buying an additional 530 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Scholastic in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 82.57% of the company's stock.

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.