Scholastic Corp (NASDAQ:SCHL) CEO Richard Robinson sold 500 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $39.95, for a total transaction of $19,975.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Richard Robinson also recently made the following trade(s):
- On Tuesday, April 16th, Richard Robinson sold 1,000 shares of Scholastic stock. The stock was sold at an average price of $40.69, for a total transaction of $40,690.00.
Shares of Scholastic stock traded down $0.52 during trading on Friday, hitting $39.92. 77,174 shares of the stock were exchanged, compared to its average volume of 137,034. The firm has a market capitalization of $1.41 billion, a P/E ratio of 27.92 and a beta of 0.75. Scholastic Corp has a 12 month low of $36.30 and a 12 month high of $47.94.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, April 30th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, April 29th. Scholastic’s payout ratio is currently 41.96%.
Several research firms have recently commented on SCHL. Zacks Investment Research lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. BidaskClub lowered shares of Scholastic from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 19th. Finally, ValuEngine lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.50.
A number of hedge funds have recently bought and sold shares of SCHL. Wells Fargo & Company MN lifted its holdings in Scholastic by 6.8% in the third quarter. Wells Fargo & Company MN now owns 41,384 shares of the company’s stock worth $1,932,000 after purchasing an additional 2,633 shares during the period. Bank of New York Mellon Corp lifted its holdings in Scholastic by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 861,811 shares of the company’s stock worth $40,237,000 after purchasing an additional 12,270 shares during the period. BlackRock Inc. lifted its holdings in Scholastic by 4.2% in the third quarter. BlackRock Inc. now owns 3,964,151 shares of the company’s stock worth $185,086,000 after purchasing an additional 160,067 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Scholastic in the third quarter worth about $466,000. Finally, Quantbot Technologies LP acquired a new stake in Scholastic in the third quarter worth about $322,000. 81.05% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: This report was first published by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.baseballdailydigest.com/news/2019/04/21/richard-robinson-sells-500-shares-of-scholastic-corp-schl-stock.html.
Scholastic Company Profile
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, 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 school book fair channels, as well as through its trade channel.
Recommended Story: What is net income?
Receive News & Ratings for Scholastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic and related companies with MarketBeat.com's FREE daily email newsletter.