Cambium Learning Group, Inc. (ABCD) Scheduled to Post Earnings on Wednesday
Cambium Learning Group (NASDAQ:ABCD) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.12 earnings per share for the quarter. Cambium Learning Group had a negative return on equity of 25.36% and a net margin of 9.65%. The business had revenue of $40.36 million during the quarter.
Shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) opened at $6.23 on Tuesday. Cambium Learning Group, Inc. has a one year low of $4.25 and a one year high of $6.87. The firm has a market capitalization of $291.67, a price-to-earnings ratio of 20.29 and a beta of -0.67. The company has a quick ratio of 0.29, a current ratio of 0.32 and a debt-to-equity ratio of -1.23.
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In related news, CEO John F. Campbell sold 15,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $6.50, for a total transaction of $97,500.00. Following the completion of the transaction, the chief executive officer now directly owns 17,704 shares of the company’s stock, valued at approximately $115,076. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $5.88, for a total value of $29,400.00. Following the transaction, the insider now directly owns 5,000 shares of the company’s stock, valued at $29,400. The disclosure for this sale can be found here. Insiders have sold a total of 67,000 shares of company stock valued at $416,480 over the last three months. 72.20% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Cambium Learning Group stock. State Street Corp increased its stake in shares of Cambium Learning Group, Inc. (NASDAQ:ABCD) by 9.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,750 shares of the company’s stock after purchasing an additional 16,461 shares during the quarter. State Street Corp owned 0.40% of Cambium Learning Group worth $942,000 at the end of the most recent quarter. 12.68% of the stock is owned by institutional investors.
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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