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

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

Barnes & Noble Education Stock Performance

Shares of Barnes & Noble Education stock traded down $0.24 during trading on Wednesday, reaching $7.12. The company’s stock had a trading volume of 369,633 shares, compared to its average volume of 220,473. The business’s 50-day moving average price is $22.59 and its 200-day moving average price is $61.99. The firm has a market cap of $186.62 million, a PE ratio of -0.09 and a beta of 2.09. Barnes & Noble Education, Inc. has a 52 week low of $6.05 and a 52 week high of $226.00. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 0.31.

Analyst Upgrades and Downgrades

BNED has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Barnes & Noble Education in a research report on Friday, May 24th. StockNews.com initiated coverage on shares of Barnes & Noble Education in a research report on Wednesday, June 19th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Barnes & Noble Education

An institutional investor recently bought a new position in Barnes & Noble Education stock. Virtu Financial LLC bought a new stake in Barnes & Noble Education, Inc. (NYSE:BNED) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 76,733 shares of the specialty retailer’s stock, valued at approximately $56,000. Virtu Financial LLC owned 0.14% of Barnes & Noble Education as of its most recent filing with the Securities and Exchange Commission (SEC). 38.51% of the stock is currently owned by hedge funds and other institutional investors.

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.