The Senior Vice President and General Counsel of John Wiley & Sons Inc. (NYSE:JW.A), Gary Rinck, sold 15,000 shares of Common Stock today, for an average price of $61 per share. The shares were sold through a stock option of 15,000 shares and this sale constitutes Rinck’s third disposition through stock options this fiscal year. On Monday, the insider had also unloaded 15,000 shares of Common Stock, using a stock option of the same amount, and paying $60.50 per share.
Furthermore, this past June showed several insider movements at the $3.64 billion market cap academic provider. William Pesce, Director at John Wiley, was particularly active, selling off 27,491 shares of Common Stock for $59.73 per share and 37,941 shares for a similar price of $59.38 per share. Pesce also disposed of his stock in all occasions through a stock option.
In terms of quarterly hedge fund movements, there has been a slight decrease in the company’s portfolio participation, but David Dreman’s hedge fund, Dreman Value Management increased John Wiley’s holdings by 3% during Q1. The fund now owns 97,669 shares, with a value of $5.6 million.