Brickwood Asset Management LLP Purchases Shares of 23,621 John Wiley & Sons, Inc. $WLY

Brickwood Asset Management LLP purchased a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 23,621 shares of the company’s stock, valued at approximately $724,000. John Wiley & Sons accounts for approximately 0.5% of Brickwood Asset Management LLP’s investment portfolio, making the stock its 6th largest holding.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in John Wiley & Sons by 519.8% during the second quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $25,000 after purchasing an additional 473 shares in the last quarter. Allworth Financial LP lifted its holdings in John Wiley & Sons by 1,595.7% during the third quarter. Allworth Financial LP now owns 780 shares of the company’s stock valued at $32,000 after purchasing an additional 734 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in John Wiley & Sons by 2,378.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,388 shares of the company’s stock valued at $43,000 after purchasing an additional 1,332 shares in the last quarter. Acadian Asset Management LLC purchased a new position in John Wiley & Sons during the first quarter valued at approximately $65,000. Finally, GAMMA Investing LLC lifted its holdings in John Wiley & Sons by 39.8% during the fourth quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock valued at $52,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

John Wiley & Sons stock opened at $41.71 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 14.53 and a beta of 0.80. The firm’s fifty day moving average is $39.90 and its 200 day moving average is $34.95. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.06. John Wiley & Sons, Inc. has a 52-week low of $28.38 and a 52-week high of $45.64.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Friday, March 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. The company had revenue of $410.04 million for the quarter, compared to the consensus estimate of $391.00 million. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%. John Wiley & Sons’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Sell-side analysts forecast that John Wiley & Sons, Inc. will post 4.2 EPS for the current fiscal year.

John Wiley & Sons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.42 dividend on an annualized basis and a yield of 3.4%. John Wiley & Sons’s payout ratio is 49.48%.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.