Barnes & Noble Education, Inc. (NYSE:BNED) Director William C. Martin Buys 60,000 Shares of Stock

Barnes & Noble Education, Inc. (NYSE:BNEDGet Free Report) Director William C. Martin bought 60,000 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was bought at an average price of $6.98 per share, with a total value of $418,800.00. Following the acquisition, the director now owns 67,441 shares in the company, valued at approximately $470,738.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Barnes & Noble Education Price Performance

Shares of BNED stock opened at $7.12 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.50 and a current ratio of 0.90. The stock has a 50 day moving average price of $22.59 and a 200 day moving average price of $61.99. The firm has a market capitalization of $186.62 million, a P/E 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BNED shares. StockNews.com started coverage on Barnes & Noble Education in a report on Wednesday, June 19th. They issued a “hold” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of Barnes & Noble Education in a research note on Friday, May 24th.

View Our Latest Report on BNED

Institutional Investors Weigh In On Barnes & Noble Education

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

About Barnes & Noble Education

(Get Free Report)

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.

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