Versor Investments LP lessened its holdings in Scholastic Co. (NASDAQ:SCHL – Get Rating) by 40.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,600 shares of the company's stock after selling 8,500 shares during the quarter. Versor Investments LP's holdings in Scholastic were worth $388,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new position in Scholastic in the second quarter worth $43,000. Gladius Capital Management LP acquired a new position in Scholastic in the second quarter worth $54,000. Captrust Financial Advisors boosted its holdings in Scholastic by 69.8% in the first quarter. Captrust Financial Advisors now owns 2,054 shares of the company's stock worth $83,000 after purchasing an additional 844 shares during the period. Lazard Asset Management LLC lifted its stake in Scholastic by 117.1% in the second quarter. Lazard Asset Management LLC now owns 2,369 shares of the company's stock valued at $85,000 after buying an additional 1,278 shares during the last quarter. Finally, KBC Group NV bought a new stake in Scholastic in the second quarter valued at $92,000. Institutional investors and hedge funds own 81.48% of the company's stock.
Get Scholastic alerts:Scholastic Stock Up 0.8 %
Shares of NASDAQ SCHL opened at $40.82 on Friday. Scholastic Co. has a fifty-two week low of $28.22 and a fifty-two week high of $48.28. The firm's 50-day simple moving average is $39.15 and its 200 day simple moving average is $39.35. The stock has a market cap of $1.39 billion, a P/E ratio of 22.55 and a beta of 1.10.
Scholastic Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, January 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, January 30th. Scholastic's dividend payout ratio is currently 44.20%.Wall Street Analyst Weigh In
SCHL has been the topic of a number of recent research reports. StockNews.com upgraded Scholastic from a "hold" rating to a "buy" rating in a research note on Monday, December 19th. TheStreet upgraded Scholastic from a "c" rating to a "b-" rating in a research note on Thursday, December 15th.
About Scholastic
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Scholastic (SCHL)
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