It is currently trading at $9.28 which is impressively higher than the 50 day moving average of $8.33 and barely above the 200 day moving average of $8.46. The 50 day moving average went up $0.95 or +11.45% and the 200 day average went up by +9.75%. Trading was light with 493K shares changing hands on Tuesday. Volume was down 19.55% under the stocks average daily volume.
Investors are a little more bearish on shares of the company lately if you take note of the change in short interest. The firm had a rise in short interest of 17.58% as of October 13, 2017 from the last reporting period. Short interest increased from 1,406,490 to 1,653,682 over that timeframe. With short interest at 1,653,682 and short average daily volume at 334,201, the short-interest ratio is 5.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. Nationwide Fund Advisors trimmed its stake by shedding 1,900 shares a decrease of 4.2%. Nationwide Fund Advisors now holds 43,114 shares with a value of $351,000. The value of the position overall is down by 13.1%. Aperio Group, LLC downsized its ownership by selling 99,144 shares a decrease of 20.7% in the quarter. Aperio Group, LLC now controls 380,775 shares valued at $3,100,000. The total value of its holdings decreased 28.0%.
As of quarter end Simplex Trading, LLC had disposed of a total of 10,521 shares trimming its stake by 89.3%. The value of the investment in PSO decreased from $105,000 to $10,000 a change of $95,000 quarter to quarter. Bollard Group LLC augmented its investment by buying 699 shares an increase of 0.9% as of 09/30/2017. Bollard Group LLC controls 80,603 shares worth $656,000. The value of the position overall is down by 8.5%.
The company is now down since yesterday’s close of $9.28. Pearson, Plc declared a dividend for shareholders which was paid on Wednesday the 20th of September 2017. The dividend payment was $0.123 per share for the quarter which comes to $0.49 on an annualized basis. This dividend amount represented a yield of $5.23. The ex-dividend date was Wednesday the 16th of August 2017.
Pearson plc (Pearson), launched on August 12, 1897, is a learning company. The Company delivers Learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments: North America, Core and Growth. The Company provides content, assessment and digital services to schools, colleges and universities, as well as professional and vocational education to learners to help increase their skills and employability prospects..