John Wiley & Sons (NYSE:WLYB) Stock Price Down 5.4% – Should You Sell?

John Wiley & Sons, Inc. (NYSE:WLYB) was down 5.4% during mid-day trading on Wednesday . The stock traded as low as $33.41 and last traded at $33.7050. Approximately 1,421 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 1,098 shares. The stock had previously closed at $35.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of John Wiley & Sons in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

John Wiley & Sons Stock Down 6.4%

The company has a market capitalization of $1.78 billion, a P/E ratio of 18.74 and a beta of 0.81. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. The stock’s fifty day moving average is $38.35 and its 200 day moving average is $40.21.

John Wiley & Sons (NYSE:WLYB) last posted its earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share for the quarter. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%. The company had revenue of $533.00 million during the quarter.

John Wiley & Sons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.355 per share. The ex-dividend date was Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.3%. John Wiley & Sons’s dividend payout ratio is 79.78%.

Institutional Investors Weigh In On John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC bought a new position in John Wiley & Sons, Inc. (NYSE:WLYB) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,500 shares of the company’s stock, valued at approximately $201,000. 0.49% of the stock is currently owned by institutional investors.

About John Wiley & Sons

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.