Insider Selling: Barnes & Noble Education, Inc. (NYSE:BNED) EVP Sells 14,000 Shares of Stock

Barnes & Noble Education, Inc. (NYSE:BNED) EVP Jonathan Shar sold 14,000 shares of the stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $8.73, for a total value of $122,220.00. Following the completion of the transaction, the executive vice president now owns 68,917 shares in the company, valued at approximately $601,645.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:BNED opened at $8.98 on Thursday. The business has a 50 day moving average price of $8.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.59 and a current ratio of 1.34. Barnes & Noble Education, Inc. has a 52-week low of $1.91 and a 52-week high of $10.19.

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Monday, June 28th. The specialty retailer reported ($0.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.29). Barnes & Noble Education had a negative return on equity of 25.48% and a negative net margin of 9.19%.

Hedge funds have recently bought and sold shares of the company. Ensign Peak Advisors Inc bought a new position in shares of Barnes & Noble Education in the first quarter valued at approximately $41,000. Vantage Consulting Group Inc bought a new position in shares of Barnes & Noble Education in the fourth quarter valued at approximately $42,000. Steward Partners Investment Advisory LLC bought a new position in shares of Barnes & Noble Education in the fourth quarter valued at approximately $42,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Barnes & Noble Education by 479.1% in the first quarter. BNP Paribas Arbitrage SA now owns 5,814 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 4,810 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of Barnes & Noble Education in the first quarter valued at approximately $51,000. Institutional investors own 48.18% of the company’s stock.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $9.00 price target on shares of Barnes & Noble Education in a report on Thursday, July 1st.

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 in 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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