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

John Wiley & Sons, Inc. (NYSE:WLYB) shares 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 trading hands.

John Wiley & Sons Stock Up 2.4 %

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.50 and a current ratio of 0.54. The company has a market cap of $2.04 billion, a PE ratio of -12.94 and a beta of 0.77. The firm has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $33.40.

John Wiley & Sons (NYSE:WLYB) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter. The business had revenue of $460.71 million for 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Monday, April 8th. John Wiley & Sons’s dividend payout ratio is currently -48.61%.

Hedge Funds Weigh In On John Wiley & Sons

Several hedge funds and other institutional investors have recently modified their holdings of WLYB. Morgan Stanley lifted its position 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 acquiring an additional 145,703 shares in the last quarter. CSS LLC IL acquired a new position in John Wiley & Sons during the 4th quarter worth approximately $202,000. Neuberger Berman Group LLC acquired a new position in John Wiley & Sons during the 3rd quarter worth approximately $384,000. Vanguard Group Inc. acquired a new position in John Wiley & Sons during the 3rd quarter worth approximately $240,000. Finally, Royal Bank of Canada acquired a new position in John Wiley & Sons during the 3rd quarter worth approximately $1,679,000. 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.