Neuberger Berman Group LLC Sells 500,995 Shares of Scholastic Co. (NASDAQ:SCHL)

Neuberger Berman Group LLC decreased its position in Scholastic Co. (NASDAQ:SCHL) by 36.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,509 shares of the company’s stock after selling 500,995 shares during the quarter. Neuberger Berman Group LLC owned approximately 3.06% of Scholastic worth $18,355,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. KBC Group NV increased its stake in Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company’s stock valued at $52,000 after buying an additional 1,359 shares during the last quarter. FMR LLC grew its holdings in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company’s stock valued at $75,000 after acquiring an additional 869 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Scholastic during the fourth quarter valued at approximately $96,000. BNP Paribas Financial Markets lifted its holdings in Scholastic by 99.6% during the third quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock worth $311,000 after acquiring an additional 4,845 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its position in Scholastic by 127.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 14,762 shares of the company’s stock worth $315,000 after purchasing an additional 8,278 shares during the last quarter. 82.57% of the stock is owned by institutional investors.

Scholastic Trading Down 4.2 %

Shares of Scholastic stock opened at $16.54 on Friday. The firm has a market cap of $464.79 million, a PE ratio of -91.88 and a beta of 1.08. Scholastic Co. has a 1 year low of $16.24 and a 1 year high of $38.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The stock has a fifty day moving average price of $19.49 and a 200-day moving average price of $22.60.

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

Scholastic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s dividend payout ratio (DPR) is 133.33%.

About Scholastic

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.