Moors & Cabot Inc. Has $160,000 Position in Barnes & Noble, Inc. (BKS)

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Moors & Cabot Inc. boosted its holdings in Barnes & Noble, Inc. (NYSE:BKS) by 50.5% during the first quarter, HoldingsChannel.com reports. The fund owned 29,427 shares of the specialty retailer’s stock after purchasing an additional 9,880 shares during the period. Moors & Cabot Inc.’s holdings in Barnes & Noble were worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in Barnes & Noble in the fourth quarter valued at about $41,000. Investors Research Corp bought a new stake in Barnes & Noble in the first quarter valued at about $33,000. Magnus Financial Group LLC bought a new stake in Barnes & Noble in the fourth quarter valued at about $81,000. BNP Paribas Arbitrage SA increased its stake in Barnes & Noble by 316.5% in the first quarter. BNP Paribas Arbitrage SA now owns 13,021 shares of the specialty retailer’s stock valued at $71,000 after acquiring an additional 9,895 shares during the period. Finally, Rafferty Asset Management LLC bought a new stake in Barnes & Noble in the fourth quarter valued at about $98,000. 70.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Barnes & Noble stock opened at $4.70 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. The stock has a market cap of $344.02 million, a price-to-earnings ratio of 11.88 and a beta of 0.60. Barnes & Noble, Inc. has a 1-year low of $4.45 and a 1-year high of $7.81.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings data on Thursday, March 7th. The specialty retailer reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.14. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Barnes & Noble had a net margin of 0.04% and a return on equity of 7.09%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.87) earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.60 annualized dividend and a yield of 12.77%.

Separately, Craig Hallum set a $7.00 price objective on shares of Barnes & Noble and gave the stock a “buy” rating in a research note on Thursday, March 7th.

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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.

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Want to see what other hedge funds are holding BKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barnes & Noble, Inc. (NYSE:BKS).

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

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