State of Alaska Department of Revenue cut its position in shares of Scholastic Co. (NASDAQ:SCHL – Get Rating) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,923 shares of the company's stock after selling 2,121 shares during the period. State of Alaska Department of Revenue owned 0.06% of Scholastic worth $643,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. purchased a new stake in Scholastic during the second quarter worth $43,000. Gladius Capital Management LP purchased a new position in Scholastic during the second quarter valued at $54,000. Captrust Financial Advisors lifted its holdings in Scholastic by 69.8% during the first quarter. Captrust Financial Advisors now owns 2,054 shares of the company's stock valued at $83,000 after purchasing an additional 844 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Scholastic by 117.1% during the second quarter. Lazard Asset Management LLC now owns 2,369 shares of the company's stock valued at $85,000 after purchasing an additional 1,278 shares in the last quarter. Finally, KBC Group NV purchased a new position in Scholastic during the second quarter valued at $92,000. 81.48% of the stock is owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
Several research firms have issued reports on SCHL. StockNews.com raised shares of Scholastic from a "hold" rating to a "buy" rating in a report on Monday, December 19th. TheStreet raised shares of Scholastic from a "c" rating to a "b-" rating in a report on Thursday, December 15th.
Scholastic Stock Up 0.9 %
Shares of NASDAQ SCHL opened at $41.33 on Thursday. The firm has a 50-day simple moving average of $39.32 and a 200-day simple moving average of $39.46. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 22.83 and a beta of 1.10. Scholastic Co. has a 52 week low of $28.22 and a 52 week high of $48.28.
Scholastic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, January 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, January 30th. Scholastic's dividend payout ratio (DPR) is 44.20%.
Scholastic Profile
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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 publishes and distributes children's books, e-books, media, and interactive products through its school book club and fair channels, as well as trade channels.
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