John Wiley & Sons (NYSE:WLYB) Shares Gap Down to $39.20

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $39.20, but opened at $36.05. John Wiley & Sons shares last traded at $36.01, with a volume of 883 shares traded.

John Wiley & Sons Stock Down 8.1 %

The firm has a fifty day simple moving average of $35.88 and a 200-day simple moving average of $33.35. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.20.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $460.71 million during the quarter. John Wiley & Sons had a positive return on equity of 18.83% and a negative net margin of 8.14%.

John Wiley & Sons Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th will be paid a $0.35 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a yield of 3.89%. John Wiley & Sons’s dividend payout ratio is -48.61%.

Institutional Trading of John Wiley & Sons

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in John Wiley & Sons by 14,570,300.0% during the 4th quarter. Morgan Stanley now owns 145,704 shares of the company’s stock worth $5,755,000 after purchasing an additional 145,703 shares during the last quarter. Royal Bank of Canada bought a new stake in John Wiley & Sons during the 3rd quarter worth $1,679,000. Dimensional Fund Advisors LP bought a new stake in John Wiley & Sons during the 3rd quarter worth $856,000. Neuberger Berman Group LLC bought a new stake in John Wiley & Sons during the 3rd quarter worth $384,000. Finally, UBS Group AG bought a new stake in John Wiley & Sons during the 3rd quarter worth $355,000. 0.49% of the stock is owned by institutional investors and hedge funds.

About John Wiley & Sons

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.