Barnes & Noble Education, Inc. (NYSE:BNED) Director William C. Martin Buys 38,000 Shares of Stock

Barnes & Noble Education, Inc. (NYSE:BNED) Director William C. Martin acquired 38,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of $7.19 per share, for a total transaction of $273,220.00. Following the completion of the transaction, the director now owns 125,441 shares of the company’s stock, valued at approximately $901,920.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Barnes & Noble Education Stock Performance

Shares of NYSE:BNED opened at $7.12 on Thursday. The business’s fifty day moving average price is $22.59 and its two-hundred day moving average price is $61.99. Barnes & Noble Education, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $226.00. The stock has a market capitalization of $186.62 million, a price-to-earnings ratio of -0.09 and a beta of 2.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.50.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BNED. Needham & Company LLC restated a “hold” rating on shares of Barnes & Noble Education in a research report on Friday, May 24th. StockNews.com initiated coverage on Barnes & Noble Education in a research report on Wednesday, June 19th. They issued a “hold” rating on the stock.

Institutional Trading of Barnes & Noble Education

A hedge fund recently bought a new stake in Barnes & Noble Education stock. Virtu Financial LLC bought a new position in shares of Barnes & Noble Education, Inc. (NYSE:BNED) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,733 shares of the specialty retailer’s stock, valued at approximately $56,000. Virtu Financial LLC owned about 0.14% of Barnes & Noble Education as of its most recent filing with the Securities & Exchange Commission. 38.51% of the stock is owned by hedge funds and other 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.