Insider Buying: Barnes & Noble Education, Inc. (NYSE:BNED) Director Buys 38,000 Shares of Stock

Barnes & Noble Education, Inc. (NYSE:BNED) Director William C. Martin bought 38,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $7.19 per share, with a total value of $273,220.00. Following the purchase, the director now directly owns 125,441 shares in the company, valued at $901,920.79. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Barnes & Noble Education Stock Down 3.3 %

Shares of BNED stock traded down $0.24 on Wednesday, hitting $7.12. The company’s stock had a trading volume of 369,633 shares, compared to its average volume of 220,473. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.50. Barnes & Noble Education, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $226.00. The firm’s fifty day moving average price is $22.59 and its 200-day moving average price is $61.99. The stock has a market capitalization of $186.62 million, a price-to-earnings ratio of -0.09 and a beta of 2.09.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BNED shares. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a research note on Friday, May 24th. StockNews.com started coverage on shares of Barnes & Noble Education in a research note on Wednesday, June 19th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Barnes & Noble Education

An institutional investor recently raised its position in Barnes & Noble Education stock. Greenhaven Road Investment Management L.P. increased its position in Barnes & Noble Education, Inc. (NYSE:BNED) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,256,342 shares of the specialty retailer’s stock after acquiring an additional 90,003 shares during the quarter. Barnes & Noble Education comprises about 3.5% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 9th biggest position. Greenhaven Road Investment Management L.P. owned about 9.89% of Barnes & Noble Education worth $7,832,000 at the end of the most recent reporting period. Institutional investors own 38.51% of the company’s stock.

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.