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

NASDAQ:EDUC opened at $9.55 on Friday. Educational Development Co. has a 52-week low of $6.85 and a 52-week high of $14.35. The company has a current ratio of 1.62, a quick ratio of 0.22 and a debt-to-equity ratio of 0.83. The stock has a market cap of $79.17 million, a PE ratio of 12.71 and a beta of 1.21.

Educational Development (NASDAQ:EDUC) last posted 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 company had revenue of $33.01 million for the quarter.

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its stake in Educational Development by 283.3% in the first quarter. UBS Group AG now owns 5,749 shares of the company’s stock valued at $144,000 after acquiring an additional 4,249 shares during the period. JPMorgan Chase & Co. bought a new stake in Educational Development in the third quarter valued at about $126,000. Acadian Asset Management LLC increased its stake in Educational Development by 248.1% in the second quarter. Acadian Asset Management LLC now owns 12,081 shares of the company’s stock valued at $227,000 after acquiring an additional 8,610 shares during the period. Baxter Bros Inc. bought a new stake in Educational Development in the third quarter valued at about $151,000. Finally, Spark Investment Management LLC bought a new stake in Educational Development in the second quarter valued at about $279,000. 16.47% of the stock is currently 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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