Barnes & Noble Education Inc (BNED) Insider Sells $63,570.00 in Stock
Barnes & Noble Education Inc (NYSE:BNED) insider Srijayanth D. Chakrapani sold 6,500 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $9.78, for a total value of $63,570.00. Following the transaction, the insider now owns 67,160 shares of the company’s stock, valued at approximately $656,824.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Barnes & Noble Education Inc (NYSE:BNED) traded down 1.74% during midday trading on Monday, hitting $9.60. The company’s stock had a trading volume of 208,917 shares. Barnes & Noble Education Inc has a 12-month low of $8.50 and a 12-month high of $13.15. The firm has a 50-day moving average of $9.85 and a 200 day moving average of $10.41. The firm has a market cap of $445.89 million, a price-to-earnings ratio of 192.00 and a beta of 1.21.
Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Tuesday, February 28th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.06. Barnes & Noble Education had a positive return on equity of 1.70% and a negative net margin of 0.28%. The firm had revenue of $521.60 million for the quarter, compared to analyst estimates of $538.86 million. During the same quarter last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that Barnes & Noble Education Inc will post $0.13 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Boston Partners boosted its stake in Barnes & Noble Education by 7.3% in the third quarter. Boston Partners now owns 305,633 shares of the company’s stock worth $2,925,000 after buying an additional 20,748 shares during the period. Menta Capital LLC boosted its stake in Barnes & Noble Education by 46.5% in the fourth quarter. Menta Capital LLC now owns 91,283 shares of the company’s stock worth $1,047,000 after buying an additional 28,980 shares during the period. Bank of New York Mellon Corp boosted its stake in Barnes & Noble Education by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 439,086 shares of the company’s stock worth $4,202,000 after buying an additional 18,263 shares during the period. Zacks Investment Management purchased a new stake in Barnes & Noble Education during the third quarter worth approximately $124,000. Finally, Bowling Portfolio Management LLC purchased a new stake in Barnes & Noble Education during the fourth quarter worth approximately $688,000. Institutional investors and hedge funds own 65.34% of the company’s stock.
Separately, Zacks Investment Research cut Barnes & Noble Education from a “hold” rating to a “sell” rating in a report on Monday, March 6th.
About Barnes & Noble Education
Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.
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