Brevan Howard Capital Management LP Acquires Shares of 18,939 Scholastic Co. (NASDAQ:SCHL)

Brevan Howard Capital Management LP bought a new stake in Scholastic Co. (NASDAQ:SCHL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,939 shares of the company’s stock, valued at approximately $404,000.

Other institutional investors have also modified their holdings of the company. KBC Group NV grew its position 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. KLP Kapitalforvaltning AS purchased a new stake in shares of Scholastic in the fourth quarter valued at about $96,000. Sterling Capital Management LLC increased its stake in shares of Scholastic by 7.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company’s stock worth $201,000 after acquiring an additional 662 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Scholastic by 127.7% during 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 in the last quarter. Finally, State of Tennessee Department of Treasury lifted its position in Scholastic by 13.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 16,384 shares of the company’s stock valued at $349,000 after purchasing an additional 1,902 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Price Performance

Shares of SCHL opened at $18.94 on Friday. The firm has a market capitalization of $532.23 million, a PE ratio of -105.22 and a beta of 1.06. The stock’s 50 day moving average is $18.35 and its two-hundred day moving average is $21.15. Scholastic Co. has a twelve month low of $15.77 and a twelve month high of $38.77. 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 (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.73. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The firm had revenue of $335.40 million for the quarter, compared to analyst estimates of $347.68 million. Research analysts anticipate that Scholastic Co. will post 0.84 earnings per share for the current year.

Scholastic Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.22%. 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.