Cambium Learning Group, Inc. (NASDAQ:ABCD) CEO John F. Campbell sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $6.11, for a total value of $91,650.00. Following the completion of the transaction, the chief executive officer now directly owns 17,704 shares in the company, valued at approximately $108,171.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Cambium Learning Group, Inc. (NASDAQ:ABCD) opened at $6.29 on Friday. The company has a market capitalization of $292.60 million, a P/E ratio of 20.35 and a beta of -0.67. The company has a debt-to-equity ratio of -1.23, a current ratio of 0.32 and a quick ratio of 0.29.
Cambium Learning Group (NASDAQ:ABCD) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $40.36 million for the quarter.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new stake in Cambium Learning Group in the third quarter valued at about $103,000. Cornerstone Capital Management Holdings LLC. increased its holdings in Cambium Learning Group by 71.1% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 20,691 shares of the company’s stock valued at $104,000 after purchasing an additional 8,600 shares during the last quarter. Teachers Advisors LLC increased its holdings in 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 purchasing an additional 3,516 shares during the last quarter. Cetera Investment Advisers bought a new stake in Cambium Learning Group in the second quarter valued at about $194,000. Finally, TIAA CREF Investment Management LLC increased its holdings in 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 purchasing an additional 4,620 shares during the last quarter. Institutional investors and hedge funds own 12.73% of the company’s stock.
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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