Barnes & Noble Education (NYSE:BNED) Share Price Passes Above 50-Day Moving Average of $9.09

Barnes & Noble Education, Inc. (NYSE:BNED)’s share price crossed 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 traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BNED. Needham & Company LLC reiterated a “hold” rating on shares of Barnes & Noble Education in a research report on Friday, May 24th. StockNews.com assumed coverage on shares of Barnes & Noble Education in a research report on Wednesday, June 19th. They issued a “hold” rating for the company.

Barnes & Noble Education Stock Up 6.5 %

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 market cap of $342.54 million, a price-to-earnings ratio of -0.17 and a beta of 2.09. The firm’s 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $38.07.

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

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. DCF Advisers LLC acquired a new position in shares of Barnes & Noble Education in the second quarter valued at approximately $496,000. Virtu Financial LLC acquired a new position in shares of Barnes & Noble Education in the first quarter valued at approximately $56,000. Finally, Greenhaven Road Investment Management L.P. boosted its holdings in shares of Barnes & Noble Education by 1.7% in the fourth quarter. Greenhaven Road Investment Management L.P. now owns 5,256,342 shares of the specialty retailer’s stock valued at $7,832,000 after buying an additional 90,003 shares during the period. Institutional investors and hedge funds own 38.51% of the company’s stock.

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.