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.
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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