Cambium Learning Group, Inc. (NASDAQ:ABCD) CFO Barbara Benson sold 17,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $5.61, for a total transaction of $95,370.00. Following the sale, the chief financial officer now owns 17,000 shares of the company’s stock, valued at $95,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cambium Learning Group, Inc. (ABCD) traded up $0.16 during trading on Friday, reaching $6.32. 101,100 shares of the company traded hands, compared to its average volume of 84,150. Cambium Learning Group, Inc. has a 52-week low of $4.55 and a 52-week high of $7.30. The firm has a market capitalization of $287.49, a PE ratio of 17.08 and a beta of -0.72. The company has a current ratio of 0.51, a quick ratio of 0.49 and a debt-to-equity ratio of -1.39.
Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new stake in Cambium Learning Group during the third quarter worth about $103,000. Cornerstone Capital Management Holdings LLC. increased its position in Cambium Learning Group by 71.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 20,691 shares of the company’s stock worth $104,000 after purchasing an additional 8,600 shares during the last quarter. Teachers Advisors LLC increased its position in Cambium Learning Group by 18.2% during the second quarter. Teachers Advisors LLC now owns 22,811 shares of the company’s stock worth $116,000 after purchasing an additional 3,516 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Cambium Learning Group during the third quarter worth about $167,000. Finally, Cetera Investment Advisers acquired a new stake in Cambium Learning Group during the second quarter worth about $194,000. Hedge funds and other institutional investors own 13.52% of the company’s stock.
About Cambium Learning Group
Cambium Learning Group, Inc is an educational solutions and services company. The Company’s product lines include Learning A-Z (www.learninga-z.com), ExploreLearning (www.explorelearning.com), Voyager Sopris Learning (www.voyagersopris.com) and Kurzweil Education (www.kurzweiledu.com). It operates through three segments: Learning A-Z, Voyager Sopris Learning and ExploreLearning.
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