Radnor Capital Management LLC Decreases Holdings in Barnes & Noble, Inc. (BKS)

Radnor Capital Management LLC cut its stake in shares of Barnes & Noble, Inc. (NYSE:BKS) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,000 shares of the specialty retailer’s stock after selling 5,000 shares during the quarter. Radnor Capital Management LLC’s holdings in Barnes & Noble were worth $354,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. United Services Automobile Association bought a new position in shares of Barnes & Noble during the third quarter valued at $117,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Barnes & Noble during the second quarter valued at $131,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Barnes & Noble during the second quarter valued at $135,000. Levin Capital Strategies L.P. bought a new position in shares of Barnes & Noble during the third quarter valued at $145,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Barnes & Noble during the second quarter valued at $187,000. Hedge funds and other institutional investors own 66.48% of the company’s stock.

Several equities research analysts recently commented on the company. TheStreet raised Barnes & Noble from a “d+” rating to a “c-” rating in a research report on Tuesday, January 8th. Craig Hallum raised Barnes & Noble from a “hold” rating to a “buy” rating and increased their price objective for the company from $7.00 to $10.00 in a research report on Monday, December 17th.

Shares of Barnes & Noble stock traded down $0.03 during trading on Wednesday, hitting $6.12. 51,125 shares of the company’s stock traded hands, compared to its average volume of 2,156,623. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.18 and a quick ratio of 0.14. Barnes & Noble, Inc. has a 1 year low of $4.10 and a 1 year high of $7.81. The stock has a market capitalization of $468.29 million, a PE ratio of 14.55 and a beta of 1.18.

Barnes & Noble (NYSE:BKS) last released its quarterly earnings data on Tuesday, November 20th. The specialty retailer reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.03. Barnes & Noble had a positive return on equity of 7.32% and a negative net margin of 3.60%. The company had revenue of $771.20 million for the quarter, compared to analysts’ expectations of $772.03 million. During the same period last year, the firm posted ($0.41) earnings per share. Barnes & Noble’s revenue was down 2.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 26th. Investors of record on Friday, January 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $0.60 annualized dividend and a dividend yield of 9.80%.

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About Barnes & Noble

Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.

Read More: Net Income

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Institutional Ownership by Quarter for Barnes & Noble (NYSE:BKS)

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