Educational Development Co. (NASDAQ:EDUC) Position Raised by Ridgewood Investments LLC

Ridgewood Investments LLC increased its position in shares of Educational Development Co. (NASDAQ:EDUC) by 158.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,342 shares of the company’s stock after purchasing an additional 37,022 shares during the period. Ridgewood Investments LLC owned 0.70% of Educational Development worth $100,000 at the end of the most recent quarter.

Separately, Needham Investment Management LLC grew its position in Educational Development by 7.3% in the third quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock worth $1,884,000 after buying an additional 55,000 shares during the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Stock Performance

NASDAQ EDUC opened at $1.70 on Friday. Educational Development Co. has a twelve month low of $1.16 and a twelve month high of $2.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 3.67. The stock has a market cap of $14.59 million, a price-to-earnings ratio of -5.31 and a beta of 1.05. The firm’s 50 day moving average price is $1.81 and its two-hundred day moving average price is $1.97.

Educational Development (NASDAQ:EDUC) last posted its quarterly earnings data on Thursday, October 10th. The company reported ($0.22) earnings per share for the quarter. Educational Development had a negative return on equity of 6.08% and a negative net margin of 6.42%. The firm had revenue of $6.51 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Educational Development in a research report on Sunday, January 5th. They issued a “strong-buy” rating on the stock.

Educational Development Profile

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.