Insider Selling: Cambium Learning Group, Inc. (ABCD) CEO Sells 15,000 Shares of Stock
Cambium Learning Group, Inc. (NASDAQ:ABCD) CEO John F. Campbell sold 15,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $5.53, for a total value of $82,950.00. Following the transaction, the chief executive officer now owns 17,704 shares of the company’s stock, valued at $97,903.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cambium Learning Group, Inc. (NASDAQ:ABCD) traded up $0.04 on Wednesday, hitting $5.75. The stock had a trading volume of 45,479 shares, compared to its average volume of 48,725. Cambium Learning Group, Inc. has a 1-year low of $4.37 and a 1-year high of $7.30. The stock has a market capitalization of $261.35, a price-to-earnings ratio of 15.14 and a beta of -0.70. The company has a debt-to-equity ratio of -1.39, a quick ratio of 0.49 and a current ratio of 0.51.
A number of large investors have recently added to or reduced their stakes in ABCD. American Century Companies Inc. purchased a new position in Cambium Learning Group in the third quarter valued at $103,000. Cornerstone Capital Management Holdings LLC. boosted its holdings in 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 holdings in 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 Cambium Learning Group in the third quarter valued at $167,000. Finally, Cetera Investment Advisers purchased a new position in Cambium Learning Group in the second quarter valued at $194,000. Hedge funds and other institutional investors own 13.52% of the company’s stock.
Cambium Learning Group Company Profile
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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