KBC Group NV Buys 1,359 Shares of Scholastic Co. (NASDAQ:SCHL)

KBC Group NV boosted its holdings in shares of Scholastic Co. (NASDAQ:SCHL) by 125.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,443 shares of the company’s stock after acquiring an additional 1,359 shares during the period. KBC Group NV’s holdings in Scholastic were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of Scholastic by 744.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 65,625 shares of the company’s stock worth $2,101,000 after purchasing an additional 57,852 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Scholastic by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 502,179 shares of the company’s stock worth $16,075,000 after purchasing an additional 41,864 shares in the last quarter. Barclays PLC increased its position in shares of Scholastic by 291.6% in the third quarter. Barclays PLC now owns 41,228 shares of the company’s stock worth $1,319,000 after purchasing an additional 30,699 shares during the period. Martingale Asset Management L P increased its stake in Scholastic by 128.1% in the third quarter. Martingale Asset Management L P now owns 49,529 shares of the company’s stock valued at $1,585,000 after acquiring an additional 27,812 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Scholastic by 83.9% during the third quarter. Royce & Associates LP now owns 42,194 shares of the company’s stock worth $1,351,000 after acquiring an additional 19,255 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.

Scholastic Stock Up 4.9 %

Shares of SCHL opened at $18.74 on Tuesday. Scholastic Co. has a 52 week low of $17.72 and a 52 week high of $40.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The stock has a market capitalization of $526.61 million, a price-to-earnings ratio of -104.11 and a beta of 1.08. The stock has a fifty day moving average of $21.60 and a 200-day moving average of $26.08.

Scholastic (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, December 19th. The company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.48). Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. As a group, sell-side analysts anticipate that Scholastic Co. will post 0.84 earnings per share for the current fiscal year.

Scholastic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, January 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. Scholastic’s dividend payout ratio (DPR) is presently -444.44%.

Scholastic Company Profile

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.