PDT Partners LLC Has $973,000 Stake in Barnes & Noble, Inc. (BKS)
PDT Partners LLC held its stake in shares of Barnes & Noble, Inc. (NYSE:BKS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,000 shares of the specialty retailer’s stock at the end of the 2nd quarter. PDT Partners LLC owned approximately 0.18% of Barnes & Noble worth $973,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in BKS. Campbell & CO Investment Adviser LLC bought a new stake in Barnes & Noble in the 2nd quarter valued at $101,000. Mason Street Advisors LLC increased its holdings in Barnes & Noble by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 12,917 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 846 shares during the period. Petrus Trust Company LTA increased its holdings in Barnes & Noble by 70.0% in the 2nd quarter. Petrus Trust Company LTA now owns 22,086 shares of the specialty retailer’s stock valued at $168,000 after buying an additional 9,097 shares during the period. KBC Group NV increased its holdings in Barnes & Noble by 57.9% in the 2nd quarter. KBC Group NV now owns 25,008 shares of the specialty retailer’s stock valued at $190,000 after buying an additional 9,168 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Barnes & Noble by 3.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,955 shares of the specialty retailer’s stock valued at $194,000 after buying an additional 655 shares during the period. 71.60% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Barnes & Noble, Inc. (BKS) opened at 7.65 on Friday. The stock has a 50 day moving average of $7.43 and a 200 day moving average of $7.74. The company has a market cap of $555.02 million, a price-to-earnings ratio of 21.79 and a beta of 2.37. Barnes & Noble, Inc. has a 12-month low of $6.25 and a 12-month high of $13.20.
Barnes & Noble (NYSE:BKS) last posted its quarterly earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). The company had revenue of $853.00 million during the quarter, compared to analyst estimates of $871.75 million. Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. On average, equities analysts expect that Barnes & Noble, Inc. will post $0.50 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend is Thursday, October 5th. Barnes & Noble’s dividend payout ratio (DPR) is presently 181.82%.
BKS has been the topic of several analyst reports. BidaskClub lowered shares of Barnes & Noble from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Barnes & Noble from a “hold” rating to a “sell” rating in a report on Thursday, September 14th.
Barnes & Noble Profile
Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.
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