John Wiley & Sons, Inc. (NYSE:WLY) Shares Purchased by Cardinal Capital Management

Cardinal Capital Management boosted its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 9.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,155 shares of the company’s stock after purchasing an additional 3,152 shares during the quarter. Cardinal Capital Management’s holdings in John Wiley & Sons were worth $1,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in John Wiley & Sons in the first quarter valued at approximately $880,000. GAMMA Investing LLC boosted its holdings in shares of John Wiley & Sons by 35.8% in the first quarter. GAMMA Investing LLC now owns 1,564 shares of the company’s stock valued at $70,000 after acquiring an additional 412 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of John Wiley & Sons by 37.8% in the first quarter. Harbor Capital Advisors Inc. now owns 1,827 shares of the company’s stock valued at $81,000 after acquiring an additional 501 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of John Wiley & Sons by 26.9% in the first quarter. Wedge Capital Management L L P NC now owns 35,106 shares of the company’s stock valued at $1,564,000 after acquiring an additional 7,433 shares during the period. Finally, Silverberg Bernstein Capital Management LLC acquired a new stake in shares of John Wiley & Sons in the first quarter valued at approximately $704,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Price Performance

WLY stock opened at $37.01 on Tuesday. The company has a market capitalization of $1.99 billion, a P/E ratio of -40.67 and a beta of 0.88. John Wiley & Sons, Inc. has a twelve month low of $36.50 and a twelve month high of $53.96. The business has a 50 day simple moving average of $41.80 and a 200-day simple moving average of $42.67. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26.

John Wiley & Sons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th were issued a $0.3525 dividend. This represents a $1.41 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Tuesday, April 8th. John Wiley & Sons’s payout ratio is currently 190.54%.

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.