Cambium Learning Group (ABCD) Now Covered by Analysts at B. Riley

B. Riley initiated coverage on shares of Cambium Learning Group (NASDAQ:ABCD) in a report released on Thursday morning. The firm issued a buy rating and a $12.50 price objective on the stock.

Separately, BidaskClub upgraded shares of Cambium Learning Group from a hold rating to a buy rating in a report on Saturday, January 13th.

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Shares of ABCD opened at $11.20 on Thursday. Cambium Learning Group has a twelve month low of $4.67 and a twelve month high of $11.35. The firm has a market capitalization of $524.82, a PE ratio of 38.62 and a beta of -0.60. The company has a current ratio of 0.33, a quick ratio of 0.31 and a debt-to-equity ratio of -2.93.

Cambium Learning Group (NASDAQ:ABCD) last announced its quarterly earnings data on Wednesday, March 7th. The company reported ($0.02) earnings per share for the quarter. Cambium Learning Group had a net margin of 28.48% and a negative return on equity of 35.04%. The firm had revenue of $38.33 million during the quarter.

In related news, CFO Barbara Benson sold 17,000 shares of Cambium Learning Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $5.61, for a total transaction of $95,370.00. Following the sale, the chief financial officer now directly owns 17,000 shares in the company, valued at approximately $95,370. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Campbell sold 15,000 shares of Cambium Learning Group stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $5.71, for a total transaction of $85,650.00. Following the sale, the chief executive officer now owns 17,704 shares in the company, valued at $101,089.84. The disclosure for this sale can be found here. Insiders have sold a total of 61,191 shares of company stock worth $388,874 over the last quarter. 72.20% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Cambium Learning Group by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 524,042 shares of the company’s stock worth $2,657,000 after acquiring an additional 3,832 shares in the last quarter. Geode Capital Management LLC raised its stake in Cambium Learning Group by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 121,603 shares of the company’s stock worth $689,000 after acquiring an additional 7,343 shares in the last quarter. American Century Companies Inc. raised its stake in Cambium Learning Group by 50.8% during the 4th quarter. American Century Companies Inc. now owns 23,378 shares of the company’s stock worth $133,000 after acquiring an additional 7,876 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Cambium Learning Group by 22.2% during the 4th quarter. TIAA CREF Investment Management LLC now owns 52,469 shares of the company’s stock worth $298,000 after acquiring an additional 9,520 shares in the last quarter. Finally, Spark Investment Management LLC raised its stake in Cambium Learning Group by 9.5% during the 4th quarter. Spark Investment Management LLC now owns 116,100 shares of the company’s stock worth $659,000 after acquiring an additional 10,100 shares in the last quarter. Hedge funds and other institutional investors own 14.40% of the company’s stock.

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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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