Segall Bryant & Hamill LLC bought a new stake in Scholastic Corporation (NASDAQ:SCHL – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,619 shares of the company’s stock, valued at approximately $1,352,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHL. Tower Research Capital LLC TRC grew its stake in Scholastic by 458.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock valued at $66,000 after purchasing an additional 2,593 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Scholastic by 127.4% during the third quarter. BNP Paribas Financial Markets now owns 5,197 shares of the company’s stock worth $142,000 after purchasing an additional 2,912 shares during the period. Yousif Capital Management LLC acquired a new position in Scholastic in the 4th quarter worth approximately $181,000. Bank of Montreal Can purchased a new position in Scholastic during the 4th quarter worth approximately $211,000. Finally, Fifth Third Bancorp lifted its stake in Scholastic by 5,351.0% during the 1st quarter. Fifth Third Bancorp now owns 5,451 shares of the company’s stock valued at $213,000 after acquiring an additional 5,351 shares during the period. Institutional investors and hedge funds own 82.57% of the company’s stock.
Scholastic Trading Down 2.4%
SCHL stock opened at $42.48 on Thursday. Scholastic Corporation has a 52-week low of $22.68 and a 52-week high of $48.07. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.10. The firm has a market cap of $801.17 million, a P/E ratio of 18.15, a PEG ratio of 2.09 and a beta of 1.01. The company’s 50-day simple moving average is $43.98 and its 200-day simple moving average is $39.44.
Scholastic Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.25 per share. This is a positive change from Scholastic’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Scholastic’s payout ratio is 34.19%.
Analyst Ratings Changes
Several research analysts recently issued reports on SCHL shares. B. Riley Financial raised their target price on shares of Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Wall Street Zen downgraded Scholastic from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings cut Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $42.00.
View Our Latest Stock Analysis on SCHL
Scholastic Profile
Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.
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