Bridgeway Capital Management Inc. grew its holdings in Educational Development Co. (NASDAQ:EDUC) by 15.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,400 shares of the company’s stock after acquiring an additional 16,300 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Educational Development were worth $1,367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Group AG boosted its holdings in Educational Development by 283.3% in the first quarter. UBS Group AG now owns 5,749 shares of the company’s stock worth $144,000 after acquiring an additional 4,249 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Educational Development in the third quarter worth about $126,000. Acadian Asset Management LLC boosted its holdings in Educational Development by 248.1% in the second quarter. Acadian Asset Management LLC now owns 12,081 shares of the company’s stock worth $227,000 after acquiring an additional 8,610 shares in the last quarter. Baxter Bros Inc. acquired a new stake in Educational Development in the third quarter worth about $151,000. Finally, Spark Investment Management LLC acquired a new stake in Educational Development in the second quarter worth about $279,000. 16.47% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ EDUC opened at $10.53 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 0.22. The stock has a market capitalization of $86.26 million, a price-to-earnings ratio of 13.85 and a beta of 1.21. Educational Development Co. has a fifty-two week low of $6.80 and a fifty-two week high of $14.35.

Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Monday, October 15th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $33.01 million during the quarter. Educational Development had a return on equity of 29.39% and a net margin of 5.05%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, November 27th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, November 26th.

Separately, TheStreet raised Educational Development from a “c+” rating to a “b” rating in a report on Monday, September 10th.

ILLEGAL ACTIVITY WARNING: “Bridgeway Capital Management Inc. Has $1.37 Million Holdings in Educational Development Co. (EDUC)” was reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.watchlistnews.com/bridgeway-capital-management-inc-has-1-37-million-holdings-in-educational-development-co-educ/2664058.html.

Educational Development Profile

Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.

Recommended Story: What are the reasons investors use put options?

Want to see what other hedge funds are holding EDUC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Educational Development Co. (NASDAQ:EDUC).

Institutional Ownership by Quarter for Educational Development (NASDAQ:EDUC)

Receive News & Ratings for Educational Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Educational Development and related companies with MarketBeat.com's FREE daily email newsletter.