Barnes & Noble Education (NYSE:BNED) Stock Price Passes Above Fifty Day Moving Average of $9.09

Shares of Barnes & Noble Education, Inc. (NYSE:BNED) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.09 and traded as high as $13.22. Barnes & Noble Education shares last traded at $13.07, with a volume of 362,565 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BNED shares. Needham & Company LLC reissued 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 on the stock.

Barnes & Noble Education Trading Up 6.4 %

The business’s 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $37.75. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $342.01 million, a PE ratio of -0.17 and a beta of 2.09.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Monday, July 1st. The specialty retailer reported ($7.11) EPS for the quarter. Barnes & Noble Education had a negative return on equity of 37.91% and a negative net margin of 4.03%. The business had revenue of $235.92 million during the quarter.

Insider Activity

In related news, Director Eric Singer purchased 18,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was acquired at an average price of $8.15 per share, with a total value of $146,700.00. Following the completion of the transaction, the director now owns 112,441 shares of the company’s stock, valued at $916,394.15. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Eric Singer bought 18,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were acquired at an average price of $8.15 per share, for a total transaction of $146,700.00. Following the purchase, the director now owns 112,441 shares in the company, valued at approximately $916,394.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rory Wallace purchased 202,480,772 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $0.05 per share, with a total value of $10,124,038.60. Following the completion of the purchase, the director now directly owns 207,613,525 shares of the company’s stock, valued at approximately $10,380,676.25. The disclosure for this purchase can be found here. In the last three months, insiders acquired 202,596,772 shares of company stock worth $10,962,759. 5.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Barnes & Noble Education

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Barnes & Noble Education during the first quarter worth $56,000. DCF Advisers LLC acquired a new stake in shares of Barnes & Noble Education during the second quarter worth $496,000. Finally, Greenhaven Road Investment Management L.P. lifted its position in shares of Barnes & Noble Education by 1.7% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock worth $7,832,000 after buying an additional 90,003 shares during the last quarter. 38.51% of the stock is currently owned by institutional investors.

About Barnes & Noble Education

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.