Scholastic Corporation (NASDAQ:SCHL) insider Alan J. Boyko sold 13,100 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total value of $534,349.00. Following the completion of the sale, the insider now directly owns 44,146 shares of the company’s stock, valued at $1,800,715.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Scholastic Corporation (NASDAQ SCHL) traded up $0.19 on Friday, hitting $41.31. The stock had a trading volume of 137,443 shares, compared to its average volume of 90,633. Scholastic Corporation has a 12 month low of $33.51 and a 12 month high of $49.38. The company has a market capitalization of $1,439.78, a PE ratio of 32.38 and a beta of 0.77.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) earnings per share for the quarter, missing the consensus estimate of ($1.34) by ($0.33). Scholastic had a net margin of 1.71% and a return on equity of 3.57%. The business had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. During the same period in the prior year, the company posted ($1.15) earnings per share. The firm’s revenue was down 33.1% compared to the same quarter last year. analysts predict that Scholastic Corporation will post 1.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, October 31st will be given a $0.15 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. Scholastic’s dividend payout ratio is 77.92%.

Several equities research analysts have recently weighed in on SCHL shares. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a research report on Thursday, September 21st. Zacks Investment Research raised Scholastic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 26th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its position in Scholastic by 28.3% in the third quarter. Neuberger Berman Group LLC now owns 489,971 shares of the company’s stock worth $18,227,000 after purchasing an additional 108,156 shares during the period. Magnetar Financial LLC lifted its position in Scholastic by 240.3% in the third quarter. Magnetar Financial LLC now owns 34,689 shares of the company’s stock worth $1,290,000 after purchasing an additional 24,496 shares during the period. Zuckerman Investment Group LLC lifted its position in Scholastic by 6.9% in the third quarter. Zuckerman Investment Group LLC now owns 631,913 shares of the company’s stock worth $23,507,000 after purchasing an additional 41,037 shares during the period. Royce & Associates LP lifted its position in Scholastic by 3.0% in the third quarter. Royce & Associates LP now owns 2,218,324 shares of the company’s stock worth $82,522,000 after purchasing an additional 64,324 shares during the period. Finally, OxFORD Asset Management LLP bought a new position in Scholastic in the third quarter worth $3,841,000. 79.38% of the stock is owned by institutional investors.

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About Scholastic

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.

Insider Buying and Selling by Quarter for Scholastic (NASDAQ:SCHL)

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