Craig M. White Sells 1,200 Shares of Educational Development Co. (EDUC) Stock

Educational Development Co. (NASDAQ:EDUC) insider Craig M. White sold 1,200 shares of Educational Development stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $9.62, for a total transaction of $11,544.00. Following the completion of the sale, the insider now directly owns 422,254 shares in the company, valued at approximately $4,062,083.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EDUC stock traded down $0.86 during mid-day trading on Thursday, hitting $9.66. The company had a trading volume of 7,500 shares, compared to its average volume of 38,213. The firm has a market cap of $86.26 million, a price-to-earnings ratio of 13.85 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.22 and a current ratio of 1.62. Educational Development Co. has a 12 month low of $6.85 and a 12 month high of $14.35.

Educational Development (NASDAQ:EDUC) last announced its quarterly earnings data on Monday, October 15th. The company reported $0.18 EPS for the quarter. The business had revenue of $33.01 million for the quarter. Educational Development had a net margin of 5.05% and a return on equity of 29.39%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Tuesday, November 27th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 26th. This represents a $0.20 annualized dividend and a dividend yield of 2.07%.

Separately, TheStreet raised shares of Educational Development from a “c+” rating to a “b” rating in a research report on Monday, September 10th.

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG increased its stake in shares of Educational Development by 283.3% in the first quarter. UBS Group AG now owns 5,749 shares of the company’s stock worth $144,000 after purchasing an additional 4,249 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Educational Development in the third quarter worth about $126,000. Acadian Asset Management LLC increased its stake in shares of Educational Development by 248.1% in the second quarter. Acadian Asset Management LLC now owns 12,081 shares of the company’s stock worth $227,000 after purchasing an additional 8,610 shares in the last quarter. Baxter Bros Inc. purchased a new position in shares of Educational Development in the third quarter worth about $151,000. Finally, Spark Investment Management LLC purchased a new position in shares of Educational Development in the second quarter worth about $279,000. Hedge funds and other institutional investors own 16.47% of the company’s stock.

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About Educational Development

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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