Dimensional Fund Advisors LP Buys 9,003 Shares of Educational Development Co. (NASDAQ:EDUC)

Dimensional Fund Advisors LP increased its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 4.8% during the 4th quarter, Holdings Channel reports. The fund owned 195,076 shares of the company’s stock after acquiring an additional 9,003 shares during the period. Dimensional Fund Advisors LP’s holdings in Educational Development were worth $2,996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in Educational Development by 20.2% during the fourth quarter. Renaissance Technologies LLC now owns 357,684 shares of the company’s stock worth $5,494,000 after acquiring an additional 60,158 shares in the last quarter. BlackRock Inc. raised its holdings in Educational Development by 10.7% during the fourth quarter. BlackRock Inc. now owns 21,073 shares of the company’s stock worth $324,000 after buying an additional 2,038 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Educational Development during the fourth quarter worth $1,276,000. Finally, Wells Fargo & Company MN raised its holdings in Educational Development by 28,535.0% during the fourth quarter. Wells Fargo & Company MN now owns 11,454 shares of the company’s stock worth $176,000 after buying an additional 11,414 shares during the last quarter. 25.06% of the stock is currently owned by institutional investors and hedge funds.

EDUC opened at $13.28 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.17 and a current ratio of 1.53. The business’s fifty day simple moving average is $16.03. Educational Development Co. has a 1-year low of $7.46 and a 1-year high of $20.00. The firm has a market capitalization of $110.90 million, a P/E ratio of 8.85 and a beta of 1.17.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Wednesday, May 12th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $40.34 million for the quarter. Educational Development had a net margin of 6.17% and a return on equity of 34.84%.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Wednesday, June 2nd will be issued a $0.10 dividend. The ex-dividend date is Tuesday, June 1st. This represents a $0.40 annualized dividend and a dividend yield of 3.01%.

About Educational Development

Educational Development Corporation, a publishing company, operates as a trade co-publisher of educational children's books in the United States. The company offers various books, including touchy-feely board books, activity books 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.

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

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