Scholastic Co. (NASDAQ:SCHL) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its holdings in Scholastic Co. (NASDAQ:SCHL) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,391 shares of the company’s stock after buying an additional 5,197 shares during the quarter. Royce & Associates LP’s holdings in Scholastic were worth $1,011,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC grew its stake in shares of Scholastic by 58.8% in the third quarter. FMR LLC now owns 2,346 shares of the company’s stock worth $75,000 after acquiring an additional 869 shares in the last quarter. KBC Group NV grew its stake in shares of Scholastic by 125.4% in the fourth quarter. KBC Group NV now owns 2,443 shares of the company’s stock worth $52,000 after acquiring an additional 1,359 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Scholastic during the 3rd quarter worth $243,000. BNP Paribas Financial Markets lifted its position in shares of Scholastic by 99.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,711 shares of the company’s stock worth $311,000 after purchasing an additional 4,845 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Scholastic by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 11,049 shares of the company’s stock worth $354,000 after purchasing an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Price Performance

Scholastic stock opened at $21.22 on Friday. The stock has a market cap of $596.30 million, a P/E ratio of -117.88 and a beta of 1.10. The company has a fifty day simple moving average of $20.09 and a 200-day simple moving average of $24.06. Scholastic Co. has a 12-month low of $17.72 and a 12-month high of $39.54. 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 released its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million during the quarter, compared to analysts’ expectations of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. Equities analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal year.

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.77%. Scholastic’s dividend payout ratio (DPR) is presently -444.44%.

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.