Barnes & Noble Education, Inc. (NYSE:BNED – Get Rating) CEO Michael Huseby purchased 17,500 shares of the business’s stock in a transaction dated Thursday, December 8th. The shares were purchased at an average cost of $1.44 per share, with a total value of $25,200.00. Following the purchase, the chief executive officer now directly owns 1,002,408 shares in the company, valued at $1,443,467.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Barnes & Noble Education Trading Down 4.6 %
Barnes & Noble Education stock opened at $1.45 on Friday. The stock has a 50-day moving average price of $2.61 and a 200 day moving average price of $2.65. Barnes & Noble Education, Inc. has a 52 week low of $1.39 and a 52 week high of $7.74. The company has a current ratio of 1.22, a quick ratio of 0.32 and a debt-to-equity ratio of 1.26.
Institutional Trading of Barnes & Noble Education
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in Barnes & Noble Education by 64.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 15,628 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 6,137 shares during the period. Algert Global LLC purchased a new stake in Barnes & Noble Education in the 3rd quarter valued at about $85,000. Vanguard Group Inc. grew its holdings in Barnes & Noble Education by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,742,235 shares of the specialty retailer’s stock valued at $4,182,000 after buying an additional 95,960 shares during the period. Nishkama Capital LLC grew its holdings in Barnes & Noble Education by 12.5% in the 3rd quarter. Nishkama Capital LLC now owns 1,096,452 shares of the specialty retailer’s stock valued at $2,631,000 after buying an additional 121,776 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Barnes & Noble Education in the 3rd quarter valued at about $424,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.
Analyst Upgrades and Downgrades
About Barnes & Noble Education
Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through three segments: Retail, Wholesale, and Digital Student Solutions. The company sells and rents new and used print textbooks, digital textbooks, and publisher hosted digital courseware through physical and virtual bookstores, as well as directly to students through Textbooks.com.
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