Scholastic Co. (NASDAQ:SCHL) Short Interest Update

Scholastic Co. (NASDAQ:SCHL) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,860,000 shares, a growth of 17.0% from the February 13th total of 1,590,000 shares. Based on an average daily volume of 357,700 shares, the days-to-cover ratio is currently 5.2 days. Approximately 8.1% of the company’s shares are short sold.

Scholastic Trading Down 1.8 %

NASDAQ:SCHL opened at $18.80 on Friday. The firm has a market capitalization of $528.30 million, a price-to-earnings ratio of -104.44 and a beta of 1.10. The business’s 50-day moving average price is $20.05 and its two-hundred day moving average price is $24.14. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. Scholastic has a 1-year low of $17.72 and a 1-year high of $39.54.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The business had revenue of $335.40 million during the quarter, compared to analysts’ expectations of $347.68 million. On average, equities analysts expect that Scholastic will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s payout ratio is presently -444.44%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Scholastic by 54.6% during the third quarter. Victory Capital Management Inc. now owns 11,049 shares of the company’s stock worth $354,000 after purchasing an additional 3,900 shares during the last quarter. Royce & Associates LP lifted its stake in Scholastic by 83.9% in the 3rd quarter. Royce & Associates LP now owns 42,194 shares of the company’s stock valued at $1,351,000 after purchasing an additional 19,255 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Scholastic by 3.1% in the third quarter. Natixis Advisors LLC now owns 16,403 shares of the company’s stock valued at $525,000 after buying an additional 489 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Scholastic during the 3rd quarter valued at $46,000. Finally, Intech Investment Management LLC lifted its stake in shares of Scholastic by 127.8% during the 3rd quarter. Intech Investment Management LLC now owns 33,747 shares of the company’s stock worth $1,080,000 after buying an additional 18,933 shares during the last quarter. 82.57% of the stock is currently owned by institutional investors.

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.