John Wiley & Sons (NYSE:WLYB) Shares Gap Down to $39.20

John Wiley & Sons, Inc. (NYSE:WLYB) gapped down prior to trading on Wednesday . The stock had previously closed at $39.20, but opened at $36.05. John Wiley & Sons shares last traded at $36.01, with a volume of 883 shares traded.

John Wiley & Sons Stock Down 8.1 %

The business’s fifty day moving average is $35.88 and its two-hundred day moving average is $33.35. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter. The company had revenue of $460.71 million during the quarter. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%.

John Wiley & Sons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, April 8th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. John Wiley & Sons’s dividend payout ratio is presently -48.61%.

Institutional Investors Weigh In On John Wiley & Sons

Institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake in John Wiley & Sons by 14,570,300.0% in the fourth quarter. Morgan Stanley now owns 145,704 shares of the company’s stock valued at $5,755,000 after acquiring an additional 145,703 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of John Wiley & Sons in the third quarter worth $1,679,000. Dimensional Fund Advisors LP purchased a new position in shares of John Wiley & Sons in the third quarter worth $856,000. Neuberger Berman Group LLC purchased a new position in shares of John Wiley & Sons in the third quarter worth $384,000. Finally, UBS Group AG purchased a new position in shares of John Wiley & Sons in the third quarter worth $355,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

About John Wiley & Sons

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.