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

John Wiley & Sons, Inc. (NYSE:WLYB) gapped down before the market opened 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 trading hands.

John Wiley & Sons Stock Performance

The firm has a market capitalization of $2.04 billion, a PE ratio of -12.94 and a beta of 0.77. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50. The firm has a fifty day moving average price of $36.10 and a 200 day moving average price of $33.40.

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

John Wiley & Sons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Tuesday, April 9th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Monday, April 8th. John Wiley & Sons’s payout ratio is -48.61%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Morgan Stanley increased its position in John Wiley & Sons by 14,570,300.0% in the 4th quarter. Morgan Stanley now owns 145,704 shares of the company’s stock worth $5,755,000 after purchasing an additional 145,703 shares during the last quarter. Royal Bank of Canada acquired a new position in John Wiley & Sons in the 3rd quarter worth about $1,679,000. Dimensional Fund Advisors LP acquired a new position in John Wiley & Sons in the 3rd quarter worth about $856,000. Neuberger Berman Group LLC acquired a new position in John Wiley & Sons in the 3rd quarter worth about $384,000. Finally, UBS Group AG acquired a new position in John Wiley & Sons in the 3rd quarter worth about $355,000. 0.49% of the stock is 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.