Cambium Learning Group, Inc. (ABCD) Insider Sells $28,600.00 in Stock
Cambium Learning Group, Inc. (NASDAQ:ABCD) insider Paul Fonte sold 5,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $5.72, for a total transaction of $28,600.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $28,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) traded up $0.04 during mid-day trading on Wednesday, hitting $5.75. 45,479 shares of the stock traded hands, compared to its average volume of 48,725. The stock has a market capitalization of $261.35, a P/E ratio of 15.14 and a beta of -0.70. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of -1.39. Cambium Learning Group, Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $7.30.
Several hedge funds have recently made changes to their positions in ABCD. American Century Companies Inc. purchased a new position in shares of Cambium Learning Group in the third quarter valued at $103,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Cambium Learning Group by 71.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 20,691 shares of the company’s stock valued at $104,000 after purchasing an additional 8,600 shares during the period. Teachers Advisors LLC boosted its stake in shares of Cambium Learning Group by 18.2% in the second quarter. Teachers Advisors LLC now owns 22,811 shares of the company’s stock valued at $116,000 after purchasing an additional 3,516 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Cambium Learning Group in the third quarter valued at $167,000. Finally, Cetera Investment Advisers purchased a new position in shares of Cambium Learning Group in the second quarter valued at $194,000. Institutional investors and hedge funds own 13.52% of the company’s stock.
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Cambium Learning Group, Inc is an educational solutions and services company. The Company’s product lines include Learning A-Z (www.learninga-z.com), ExploreLearning (www.explorelearning.com), Voyager Sopris Learning (www.voyagersopris.com) and Kurzweil Education (www.kurzweiledu.com). It operates through three segments: Learning A-Z, Voyager Sopris Learning and ExploreLearning.
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