Apis Capital Advisors LLC Makes New $853,000 Investment in Barnes & Noble Education, Inc. (NYSE:BNED)

Apis Capital Advisors LLC purchased a new position in Barnes & Noble Education, Inc. (NYSE:BNED - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 85,000 shares of the specialty retailer's stock, valued at approximately $853,000. Barnes & Noble Education comprises approximately 0.6% of Apis Capital Advisors LLC's investment portfolio, making the stock its 27th largest position. Apis Capital Advisors LLC owned 0.28% of Barnes & Noble Education at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BNED. Kanen Wealth Management LLC lifted its position in Barnes & Noble Education by 49.6% during the 4th quarter. Kanen Wealth Management LLC now owns 2,365,360 shares of the specialty retailer's stock worth $23,748,000 after buying an additional 784,576 shares in the last quarter. Greenhaven Road Investment Management L.P. acquired a new position in shares of Barnes & Noble Education during the 4th quarter worth approximately $5,220,000. 683 Capital Management LLC boosted its holdings in shares of Barnes & Noble Education by 250.0% in the 4th quarter. 683 Capital Management LLC now owns 350,000 shares of the specialty retailer's stock valued at $3,514,000 after buying an additional 250,000 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Barnes & Noble Education by 2,751.4% in the fourth quarter. Marshall Wace LLP now owns 304,335 shares of the specialty retailer's stock valued at $3,056,000 after buying an additional 293,662 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in Barnes & Noble Education by 383.3% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 290,000 shares of the specialty retailer's stock worth $2,912,000 after acquiring an additional 230,000 shares in the last quarter. Institutional investors own 38.51% of the company's stock.

Barnes & Noble Education Stock Performance

BNED stock traded up $0.23 during trading hours on Thursday, hitting $10.54. 152,559 shares of the stock were exchanged, compared to its average volume of 423,924. The company has a 50-day simple moving average of $9.63 and a two-hundred day simple moving average of $10.27. The firm has a market capitalization of $358.93 million, a P/E ratio of -0.31 and a beta of 1.74. Barnes & Noble Education, Inc. has a 12 month low of $6.05 and a 12 month high of $135.00. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Barnes & Noble Education from a "hold" rating to a "sell" rating in a report on Tuesday, April 15th.

Barnes & Noble Education Company Profile

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.