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.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/barnes-noble-education-inc-bned-insider-sells-63570-00-in-stock.html
Your IP Address:
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.
Receive News & Ratings for Barnes & Noble Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Education Inc and related companies with MarketBeat.com's FREE daily email newsletter.