Chartwell Investment Partners LLC Acquires 825 Shares of Scholastic Corporation (SCHL)

Chartwell Investment Partners LLC raised its position in Scholastic Corporation (NASDAQ:SCHL) by 0.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 446,554 shares of the company’s stock after buying an additional 825 shares during the period. Chartwell Investment Partners LLC owned approximately 1.28% of Scholastic Corporation worth $19,010,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of SCHL. Guggenheim Capital LLC raised its stake in Scholastic Corporation by 220.0% in the fourth quarter. Guggenheim Capital LLC now owns 56,771 shares of the company’s stock valued at $2,696,000 after buying an additional 39,030 shares in the last quarter. Zuckerman Investment Group LLC raised its stake in Scholastic Corporation by 1.6% in the third quarter. Zuckerman Investment Group LLC now owns 655,941 shares of the company’s stock valued at $25,818,000 after buying an additional 10,416 shares in the last quarter. State Street Corp raised its stake in Scholastic Corporation by 15.6% in the fourth quarter. State Street Corp now owns 654,891 shares of the company’s stock valued at $31,102,000 after buying an additional 88,492 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Scholastic Corporation by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,460 shares of the company’s stock valued at $687,000 after buying an additional 820 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Scholastic Corporation by 1.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 676,021 shares of the company’s stock valued at $26,608,000 after buying an additional 10,644 shares during the period. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Institutional Ownership by Quarter for Scholastic Corporation (NASDAQ:SCHL)

Scholastic Corporation (NASDAQ:SCHL) traded down 1.81% during midday trading on Tuesday, hitting $44.53. The stock had a trading volume of 17,578 shares. The firm has a 50-day moving average of $43.04 and a 200-day moving average of $44.70. The company has a market cap of $1.55 billion, a PE ratio of 33.56 and a beta of 0.76. Scholastic Corporation has a 12-month low of $35.20 and a 12-month high of $49.38.

Scholastic Corporation (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, March 23rd. The company reported ($0.36) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.11. The company had revenue of $336.20 million during the quarter, compared to analyst estimates of $368 million. Scholastic Corporation had a net margin of 2.67% and a return on equity of 4.84%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) EPS. Equities research analysts forecast that Scholastic Corporation will post $1.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, April 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. Scholastic Corporation’s dividend payout ratio (DPR) is presently 46.15%.

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Several research analysts have recently weighed in on SCHL shares. BidaskClub upgraded Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research cut Scholastic Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Finally, Stifel Nicolaus reduced their price objective on Scholastic Corporation from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Tuesday, March 28th.

In other Scholastic Corporation news, EVP Judith Newman sold 2,008 shares of Scholastic Corporation stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $42.11, for a total value of $84,556.88. Following the transaction, the executive vice president now owns 22,150 shares in the company, valued at approximately $932,736.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard Robinson sold 98,681 shares of Scholastic Corporation stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $43.56, for a total transaction of $4,298,544.36. Following the transaction, the chief executive officer now owns 4,363,261 shares in the company, valued at approximately $190,063,649.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 279,346 shares of company stock worth $12,074,495. 24.16% of the stock is owned by company insiders.

About Scholastic Corporation

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

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