Kennedy Capital Management Inc. acquired a new position in Educational Development Co. (NASDAQ:EDUC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 23,096 shares of the company’s stock, valued at approximately $438,000. Kennedy Capital Management Inc. owned 0.56% of Educational Development at the end of the most recent quarter.
Separately, Northern Trust Corp grew its holdings in shares of Educational Development by 4.0% during the 2nd quarter. Northern Trust Corp now owns 10,462 shares of the company’s stock worth $111,000 after acquiring an additional 406 shares during the period. Institutional investors and hedge funds own 7.81% of the company’s stock.
Shares of EDUC traded up $0.40 during mid-day trading on Friday, reaching $24.50. The company had a trading volume of 23,793 shares, compared to its average volume of 36,647. The company has a quick ratio of 0.48, a current ratio of 1.56 and a debt-to-equity ratio of 1.06. Educational Development Co. has a 52 week low of $6.90 and a 52 week high of $27.93. The stock has a market cap of $98.54, a P/E ratio of 19.59 and a beta of 1.26.
Educational Development (NASDAQ:EDUC) last issued its quarterly earnings results on Thursday, January 11th. The company reported $0.52 EPS for the quarter. The firm had revenue of $38.91 million for the quarter. Educational Development had a return on equity of 29.35% and a net margin of 4.30%.
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Educational Development Profile
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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