Acadian Asset Management LLC increased its stake in shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) by 25.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,609 shares of the company’s stock after buying an additional 25,573 shares during the period. Acadian Asset Management LLC’s holdings in Cambium Learning Group were worth $644,000 as of its most recent filing with the SEC.

Shares of Cambium Learning Group, Inc. (NASDAQ ABCD) traded up 1.56% during trading on Friday, hitting $5.22. The stock had a trading volume of 16,032 shares. The firm has a 50-day moving average of $4.95 and a 200 day moving average of $4.96. The company has a market capitalization of $242.05 million, a P/E ratio of 16.31 and a beta of -0.61. Cambium Learning Group, Inc. has a 1-year low of $4.25 and a 1-year high of $5.86.

Cambium Learning Group (NASDAQ:ABCD) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.12 earnings per share (EPS) for the quarter. Cambium Learning Group had a net margin of 9.65% and a negative return on equity of 24.37%. The business had revenue of $40.36 million during the quarter. Equities research analysts predict that Cambium Learning Group, Inc. will post ($0.23) earnings per share for the current fiscal year.

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In other news, CEO John F. Campbell sold 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $4.76, for a total transaction of $71,400.00. Following the completion of the transaction, the chief executive officer now directly owns 17,704 shares of the company’s stock, valued at approximately $84,271.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Barbara Benson sold 17,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $4.77, for a total transaction of $81,090.00. Following the transaction, the chief financial officer now directly owns 17,000 shares of the company’s stock, valued at $81,090. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $176,840 over the last ninety days. 72.20% of the stock is currently owned by insiders.

About Cambium Learning Group

Cambium Learning Group, Inc is an educational solutions and services company. The Company’s product lines include Learning A-Z (www.learninga-z.com), ExploreLearning (www.explorelearning.com), Voyager Sopris Learning (www.voyagersopris.com) and Kurzweil Education (www.kurzweiledu.com). It operates through three segments: Learning A-Z, Voyager Sopris Learning and ExploreLearning.

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Institutional Ownership by Quarter for Cambium Learning Group (NASDAQ:ABCD)

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