Mirae Asset Global Investments Co. Ltd. Has $161,000 Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,700 shares of the company’s stock after buying an additional 350 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in John Wiley & Sons were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WLY. Blue Trust Inc. grew its stake in shares of John Wiley & Sons by 114.6% during the fourth quarter. Blue Trust Inc. now owns 749 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of John Wiley & Sons during the third quarter valued at approximately $57,000. GAMMA Investing LLC grew its stake in shares of John Wiley & Sons by 39.2% during the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock valued at $57,000 after purchasing an additional 334 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of John Wiley & Sons by 2,578.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock valued at $151,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Berry Wealth Group LP grew its stake in shares of John Wiley & Sons by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

WLY opened at $40.36 on Friday. John Wiley & Sons, Inc. has a one year low of $32.50 and a one year high of $53.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The company’s 50 day simple moving average is $43.32 and its 200-day simple moving average is $46.61. The stock has a market capitalization of $2.18 billion, a P/E ratio of -44.35 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.88 by $0.09. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $420.00 million. John Wiley & Sons’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a $0.3525 dividend. The ex-dividend date was Thursday, December 26th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 dividend on an annualized basis and a yield of 3.49%. John Wiley & Sons’s dividend payout ratio (DPR) is presently -154.95%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.