O Shaughnessy Asset Management LLC reduced its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 56.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,671 shares of the company’s stock after selling 10,143 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Educational Development were worth $58,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in EDUC. Vanguard Group Inc grew its holdings in shares of Educational Development by 103.0% in the third quarter. Vanguard Group Inc now owns 193,572 shares of the company’s stock valued at $2,216,000 after purchasing an additional 98,235 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Educational Development by 103.0% in the third quarter. Vanguard Group Inc. now owns 193,572 shares of the company’s stock valued at $2,216,000 after purchasing an additional 98,235 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Educational Development by 107.9% in the third quarter. BlackRock Inc. now owns 19,840 shares of the company’s stock valued at $227,000 after purchasing an additional 10,298 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Educational Development in the fourth quarter valued at $785,000. Finally, Granite Investment Partners LLC purchased a new position in shares of Educational Development in the fourth quarter valued at $314,000. 20.18% of the stock is owned by institutional investors and hedge funds.
Shares of EDUC stock traded down $0.25 on Wednesday, reaching $7.72. The company’s stock had a trading volume of 400 shares, compared to its average volume of 8,804. Educational Development Co. has a 1 year low of $7.08 and a 1 year high of $14.35. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.34 and a current ratio of 1.76. The firm has a market cap of $61.36 million, a PE ratio of 9.27 and a beta of 1.40.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, June 3rd.
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Educational Development Profile
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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