Craig M. White Sells 1,200 Shares of Educational Development Co. (EDUC) Stock

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Educational Development Co. (NASDAQ:EDUC) insider Craig M. White sold 1,200 shares of Educational Development stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $9.62, for a total transaction of $11,544.00. Following the completion of the sale, the insider now directly owns 422,254 shares of the company’s stock, valued at approximately $4,062,083.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

EDUC stock opened at $9.55 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 0.22. Educational Development Co. has a 1 year low of $6.85 and a 1 year high of $14.35. The firm has a market capitalization of $79.17 million, a P/E ratio of 12.71 and a beta of 1.21.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Monday, October 15th. The company reported $0.18 earnings per share (EPS) for the quarter. Educational Development had a net margin of 5.05% and a return on equity of 29.39%. The business had revenue of $33.01 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Tuesday, November 27th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, November 26th.

Separately, TheStreet raised shares of Educational Development from a “c+” rating to a “b” rating in a research note on Monday, September 10th.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Educational Development by 103.0% in the 3rd quarter. Vanguard Group Inc. now owns 193,572 shares of the company’s stock valued at $2,216,000 after purchasing an additional 98,235 shares during the last quarter. Renaissance Technologies LLC lifted its position in Educational Development by 146.2% during the 3rd quarter. Renaissance Technologies LLC now owns 181,062 shares of the company’s stock worth $2,073,000 after acquiring an additional 107,531 shares during the last quarter. Bridgeway Capital Management Inc. lifted its position in Educational Development by 15.8% during the 3rd quarter. Bridgeway Capital Management Inc. now owns 119,400 shares of the company’s stock worth $1,367,000 after acquiring an additional 16,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Educational Development by 100.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 186,468 shares of the company’s stock worth $2,135,000 after acquiring an additional 93,234 shares during the last quarter. Finally, FMR LLC lifted its position in Educational Development by 101.7% during the 3rd quarter. FMR LLC now owns 332,708 shares of the company’s stock worth $3,810,000 after acquiring an additional 167,747 shares during the last quarter. 16.47% of the stock is owned by institutional investors and hedge funds.

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About Educational Development

Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.

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