Barnes & Noble Education, Inc. (NYSE:BNED) Director Buys $418,800.00 in Stock

Barnes & Noble Education, Inc. (NYSE:BNED) Director William C. Martin purchased 60,000 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were purchased at an average price of $6.98 per share, with a total value of $418,800.00. Following the purchase, the director now directly owns 67,441 shares in the company, valued at approximately $470,738.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Barnes & Noble Education Price Performance

NYSE BNED traded down $0.24 during trading hours on Wednesday, hitting $7.12. The company had a trading volume of 369,633 shares, compared to its average volume of 220,473. Barnes & Noble Education, Inc. has a 52 week low of $6.05 and a 52 week high of $226.00. The firm has a 50 day simple moving average of $22.59 and a 200 day simple moving average of $61.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.50 and a current ratio of 0.90. The firm has a market capitalization of $186.62 million, a price-to-earnings ratio of -0.09 and a beta of 2.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Barnes & Noble Education stock. Greenhaven Road Investment Management L.P. boosted its stake in Barnes & Noble Education, Inc. (NYSE:BNED) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,256,342 shares of the specialty retailer’s stock after purchasing an additional 90,003 shares during the quarter. Barnes & Noble Education makes up 3.5% of Greenhaven Road Investment Management L.P.’s investment portfolio, making the stock its 9th largest position. Greenhaven Road Investment Management L.P. owned about 9.89% of Barnes & Noble Education worth $7,832,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 38.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BNED. Needham & Company LLC reiterated a “hold” rating on shares of Barnes & Noble Education in a research note on Friday, May 24th. StockNews.com assumed coverage on Barnes & Noble Education in a research note on Wednesday, June 19th. They issued a “hold” rating for the company.

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.