Trading was heavy with 189K shares changing hands on Wednesday. Trading volume was up 183.06% over the stocks average daily volume.
Traders are a little more bullish lately if you look at the downtick in short interest. The firm had a fall in short interest of -9.27% as of the latest report on October 13, 2017. Short interest fell from 62,353 to 56,574 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
There has been some selling insider activity on Cambium Learning Grp (NASDAQ:ABCD) recently. John F. Campbell, CEO let go of $91,650 worth of shares at an average price of $6.11 on November 1st. That brings Campbell’s holdings to $16,521 as reported to the SEC. CEO John F. Campbell disclosed the sale of 15,000 shares of (ABCD). The shares were sold on October 2nd for an average price of $6.50. The CEO now owns $17,576 of the stock according to the SEC filing.
CFO Barbara Benson let go of 17,000 shares at an average price of $6.49 on Mon the 2nd. The CFO now owns $0 of the stock as recorded in a recent Form 4 SEC filing.
A few notable investment firms have updated their holdings. As of quarter end Morgan Stanley had acquired 17,512 shares growing its stake by 7,004.8%. The value of the investment in ABCD went from $1,000 to $118,000 increasing 11,700.0% quarter to quarter. As of the end of the quarter Jpmorgan Chase & Co had bought a total of 16,324 shares growing its holdings by 182.7%. The value of the investment in Cambium Learning Grp increased from $44,000 to $167,000 a change of $123,000 quarter over quarter.
As of the end of the quarter Millennium Management LLC had acquired a total of 17,825 shares growing its position 144.8%. The value of the company’s investment in Cambium Learning Grp went from $62,000 to $200,000 a change of 222.6% since the last quarter. Renaissance Technologies LLC added to its stake by buying 65,200 shares an increase of 7.4%. Renaissance Technologies LLC now controls 948,300 shares valued at $6,287,000. The total value of its holdings increased 40.4%.
The company is trading up by 6.12% since yesterday’s close of 5.56. The P/E ratio is currently 15.80 and market cap is 275.35M. As of the latest earnings report the EPS was $0.37 with 46.67M shares presently outstanding.
Cambium Learning Group, Inc., launched on June 19, 2009, is an educational solutions and services company. The Business’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). The Company operates through three segments: Learning A-Z, Voyager Sopris Learning and ExploreLearning. The product lines provide technology solutions for online learning and professional support; intervention and supplemental instructional materials; professional development and school-improvement services; valid assessments, and materials..