Cubist Systematic Strategies LLC purchased a new position in Barnes & Noble, Inc. (NYSE:BKS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,512 shares of the specialty retailer’s stock, valued at approximately $171,000.
Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Barnes & Noble in the 2nd quarter worth approximately $258,000. Royce & Associates LP boosted its stake in Barnes & Noble by 6.0% during the 3rd quarter. Royce & Associates LP now owns 954,503 shares of the specialty retailer’s stock valued at $7,254,000 after purchasing an additional 53,879 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Barnes & Noble by 505.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 142,782 shares of the specialty retailer’s stock valued at $1,085,000 after purchasing an additional 119,201 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Barnes & Noble by 114.7% during the 2nd quarter. GSA Capital Partners LLP now owns 70,428 shares of the specialty retailer’s stock valued at $535,000 after purchasing an additional 37,628 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in Barnes & Noble during the 3rd quarter valued at $340,000. Institutional investors own 66.25% of the company’s stock.
Several analysts have commented on the company. Zacks Investment Research upgraded Barnes & Noble from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Craig Hallum downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Barnes & Noble (NYSE:BKS) last issued its earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.15). Barnes & Noble had a net margin of 0.42% and a return on equity of 2.86%. The business had revenue of $791.12 million for the quarter, compared to analysts’ expectations of $812.20 million. During the same quarter in the prior year, the business posted ($0.29) earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.60 annualized dividend and a dividend yield of 11.21%. Barnes & Noble’s payout ratio is 285.73%.
In other news, VP Frederic Argir sold 21,148 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $6.90, for a total transaction of $145,921.20. Following the transaction, the vice president now directly owns 70,213 shares of the company’s stock, valued at approximately $484,469.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Leonard Riggio purchased 1,000,000 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average cost of $6.80 per share, for a total transaction of $6,800,000.00. Following the completion of the acquisition, the chairman now directly owns 8,594,491 shares in the company, valued at $58,442,538.80. The disclosure for this purchase can be found here. 19.00% of the stock is owned by corporate insiders.
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Barnes & Noble 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.
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