Cambium Learning Group, Inc. (NASDAQ:ABCD) Announces Quarterly Earnings Results

Cambium Learning Group, Inc. (NASDAQ:ABCD) issued its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $40.36 million during the quarter. Cambium Learning Group had a net margin of 9.65% and a negative return on equity of 24.37%.

Cambium Learning Group (NASDAQ:ABCD) opened at 5.22 on Friday. The stock’s 50 day moving average is $4.95 and its 200 day moving average is $4.96. Cambium Learning Group has a 12-month low of $4.25 and a 12-month high of $5.86. The stock has a market capitalization of $241.17 million, a PE ratio of 19.33 and a beta of -0.61.

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In related news, CFO Barbara Benson sold 17,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $4.77, for a total value of $81,090.00. Following the completion of the transaction, the chief financial officer now directly owns 17,000 shares of the company’s stock, valued at approximately $81,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John F. Campbell sold 15,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $4.76, for a total transaction of $71,400.00. Following the completion of the transaction, the chief executive officer now directly owns 17,704 shares of the company’s stock, valued at $84,271.04. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock worth $176,840 over the last 90 days. Company insiders own 72.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of Cambium Learning Group by 18.2% in the second quarter. Teachers Advisors LLC now owns 22,811 shares of the company’s stock valued at $116,000 after buying an additional 3,516 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Cambium Learning Group by 12.1% in the second quarter. TIAA CREF Investment Management LLC now owns 42,949 shares of the company’s stock valued at $218,000 after buying an additional 4,620 shares during the last quarter. Martingale Asset Management L P raised its position in shares of Cambium Learning Group by 12.5% in the second quarter. Martingale Asset Management L P now owns 63,711 shares of the company’s stock valued at $324,000 after buying an additional 7,098 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Cambium Learning Group by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 75,777 shares of the company’s stock valued at $384,000 after buying an additional 3,624 shares during the last quarter. Finally, Balter Liquid Alternatives LLC bought a new position in shares of Cambium Learning Group during the second quarter valued at approximately $400,000. 12.19% of the stock is owned by hedge funds and other institutional investors.

Cambium Learning Group Company Profile

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.

Earnings History for Cambium Learning Group (NASDAQ:ABCD)

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