DCF Advisers LLC Takes $496,000 Position in Barnes & Noble Education, Inc. (NYSE:BNED)

DCF Advisers LLC bought a new position in Barnes & Noble Education, Inc. (NYSE:BNED) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 77,500 shares of the specialty retailer’s stock, valued at approximately $496,000.

Separately, Greenhaven Road Investment Management L.P. increased its stake in Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after buying an additional 90,003 shares during the period. 38.51% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education Trading Up 0.3 %

NYSE:BNED opened at $11.31 on Friday. The company has a market capitalization of $296.41 million, a P/E ratio of -0.14 and a beta of 2.13. The stock’s 50 day moving average price is $11.03 and its 200 day moving average price is $28.57. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 1.23. Barnes & Noble Education, Inc. has a 52 week low of $6.05 and a 52 week high of $226.00.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Monday, July 1st. The specialty retailer reported ($7.11) EPS for the quarter. The business had revenue of $235.92 million during the quarter. Barnes & Noble Education had a negative return on equity of 27.68% and a negative net margin of 7.17%.

Insider Buying and Selling

In related news, Director Eric Singer bought 18,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were bought at an average cost of $8.15 per share, for a total transaction of $146,700.00. Following the completion of the acquisition, the director now directly owns 112,441 shares in the company, valued at $916,394.15. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Eric Singer purchased 18,000 shares of the stock in a transaction on Tuesday, July 16th. The shares were bought at an average price of $8.15 per share, for a total transaction of $146,700.00. Following the completion of the acquisition, the director now directly owns 112,441 shares in the company, valued at approximately $916,394.15. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William C. Martin purchased 38,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average cost of $7.19 per share, for a total transaction of $273,220.00. Following the transaction, the director now owns 125,441 shares of the company’s stock, valued at $901,920.79. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 116,000 shares of company stock worth $838,720. Corporate insiders own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a research note on Friday, May 24th. StockNews.com lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Thursday, September 12th.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates through Retail and Wholesale segments. 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.