Dynamic Technology Lab Private Ltd lowered its stake in Barnes & Noble Inc. (NYSE:BKS) by 68.5% during the second quarter, Holdings Channel reports. The fund owned 22,425 shares of the company’s stock after selling 48,850 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Barnes & Noble were worth $254,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in BKS. Commonwealth Equity Services Inc boosted its stake in shares of Barnes & Noble by 35.8% in the first quarter. Commonwealth Equity Services Inc now owns 42,144 shares of the company’s stock valued at $521,000 after buying an additional 11,099 shares during the last quarter. Aperio Group LLC acquired a new position in Barnes & Noble during the first quarter valued at about $252,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Barnes & Noble during the first quarter valued at about $538,000. TIAA CREF Investment Management LLC raised its position in Barnes & Noble by 16.8% in the first quarter. TIAA CREF Investment Management LLC now owns 338,782 shares of the company’s stock valued at $4,187,000 after buying an additional 48,617 shares during the period. Finally, Prudential Financial Inc. raised its position in Barnes & Noble by 14.6% in the first quarter. Prudential Financial Inc. now owns 162,794 shares of the company’s stock valued at $2,012,000 after buying an additional 20,800 shares during the period. 75.59% of the stock is currently owned by hedge funds and other institutional investors.
Barnes & Noble Inc. (NYSE:BKS) opened at 11.30 on Friday. The firm’s 50-day moving average is $11.53 and its 200 day moving average is $11.86. The stock’s market capitalization is $826.63 million. Barnes & Noble Inc. has a 52-week low of $7.25 and a 52-week high of $13.89.
Barnes & Noble (NYSE:BKS) last announced its earnings results on Thursday, September 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. Barnes & Noble had a negative net margin of 0.10% and a positive return on equity of 6.07%. The company had revenue of $913.90 million for the quarter, compared to analyst estimates of $959.65 million. During the same period in the prior year, the business earned ($0.68) earnings per share. Barnes & Noble’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts forecast that Barnes & Noble Inc. will post $0.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.31%. Barnes & Noble’s payout ratio is -599.94%.
Several research analysts have issued reports on the stock. Gabelli lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. Zacks Investment Research upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, July 19th. Finally, Sidoti assumed coverage on shares of Barnes & Noble in a research report on Thursday, August 18th. They issued a “neutral” rating and a $13.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Barnes & Noble currently has an average rating of “Hold” and an average price target of C$17.10.
In other news, insider Frederic Argir sold 17,377 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of C$11.59, for a total transaction of C$201,399.43. Following the transaction, the insider now directly owns 73,154 shares in the company, valued at C$847,854.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.00% of the company’s stock.
Barnes & Noble Company 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.
Want to see what other hedge funds are holding BKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes & Noble Inc. (NYSE:BKS).
Receive News & Ratings for Barnes & Noble Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Inc. and related companies with MarketBeat.com's FREE daily email newsletter.