Barnes & Noble Education, Inc (BNED) To Go Ex-Dividend on July 16th

Barnes & Noble Education, Inc (NYSE:BNED) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, July 16th will be paid a dividend of 0.08 per share by the specialty retailer on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, July 16th.

Barnes & Noble Education Trading Up 19.9%

Shares of BNED stock opened at $13.41 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.42 and a quick ratio of 0.86. The company has a market cap of $459.84 million, a price-to-earnings ratio of -41.90 and a beta of 1.32. Barnes & Noble Education has a 1 year low of $5.90 and a 1 year high of $13.65. The firm has a fifty day moving average price of $10.42 and a 200-day moving average price of $9.39.

Institutional Trading of Barnes & Noble Education

Several institutional investors and hedge funds have recently modified their holdings of BNED. Kanen Wealth Management LLC increased its stake in Barnes & Noble Education by 0.7% in the 1st quarter. Kanen Wealth Management LLC now owns 3,423,782 shares of the specialty retailer’s stock worth $30,232,000 after buying an additional 23,800 shares in the last quarter. Windward Management LP purchased a new position in shares of Barnes & Noble Education in the fourth quarter valued at about $15,623,000. Vanguard Group Inc. lifted its position in shares of Barnes & Noble Education by 7.0% in the third quarter. Vanguard Group Inc. now owns 1,027,599 shares of the specialty retailer’s stock valued at $10,225,000 after acquiring an additional 67,365 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its position in shares of Barnes & Noble Education by 186.5% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 881,799 shares of the specialty retailer’s stock valued at $8,104,000 after acquiring an additional 573,992 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Barnes & Noble Education by 323.8% in the second quarter. JPMorgan Chase & Co. now owns 516,521 shares of the specialty retailer’s stock worth $6,079,000 after acquiring an additional 394,630 shares during the period. 38.51% of the stock is currently owned by institutional investors.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc (NYSE: BNED) is a leading provider of educational products and services to the higher education community. The company operates retail campus bookstores under Barnes & Noble College, offering course materials, general merchandise, and digital content. In addition, Barnes & Noble Education delivers educational technology solutions through its digital learning platform and supplemental courseware.

Originally part of Barnes & Noble, Inc, the company completed its spin-off and initial public offering in February 2015 to focus exclusively on college retail and digital learning.