Educational Development Co. (NASDAQ:EDUC) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $7.27 and last traded at $7.45, with a volume of 12266 shares changing hands. The stock had previously closed at $7.55.

The company has a current ratio of 1.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.74. The stock has a market cap of $61.91 million, a P/E ratio of 9.35 and a beta of 1.20.

Educational Development (NASDAQ:EDUC) last posted its earnings results on Thursday, January 10th. The company reported $0.34 EPS for the quarter. The business had revenue of $40.48 million for the quarter. Educational Development had a net margin of 5.54% and a return on equity of 30.41%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Thursday, February 21st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Wednesday, February 20th.

In other Educational Development news, CEO Randall W. White sold 3,800 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $9.00, for a total transaction of $34,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 3,035 shares of company stock worth $22,987 and have sold 6,200 shares worth $55,800. Company insiders own 23.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Educational Development by 100.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 186,468 shares of the company’s stock worth $2,135,000 after buying an additional 93,234 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Educational Development in the 3rd quarter worth approximately $126,000. Renaissance Technologies LLC grew its position in shares of Educational Development by 146.2% in the 3rd quarter. Renaissance Technologies LLC now owns 181,062 shares of the company’s stock worth $2,073,000 after buying an additional 107,531 shares during the last quarter. Vanguard Group Inc grew its position in shares of Educational Development by 103.0% in the 3rd quarter. Vanguard Group Inc now owns 193,572 shares of the company’s stock worth $2,216,000 after buying an additional 98,235 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Educational Development by 107.9% in the 3rd quarter. BlackRock Inc. now owns 19,840 shares of the company’s stock worth $227,000 after buying an additional 10,298 shares during the last quarter. 19.57% of the stock is currently owned by institutional investors and hedge funds.

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About Educational Development (NASDAQ:EDUC)

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.

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