Cambium Learning Group, Inc. (NASDAQ:ABCD) CEO John F. Campbell sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $6.11, for a total transaction of $91,650.00. Following the completion of the transaction, the chief executive officer now directly owns 17,704 shares in the company, valued at approximately $108,171.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cambium Learning Group (NASDAQ:ABCD) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.12 earnings per share for the quarter. Cambium Learning Group had a net margin of 9.65% and a negative return on equity of 25.36%. The company had revenue of $40.36 million for the quarter.
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Several hedge funds and other institutional investors have recently modified their holdings of ABCD. Acadian Asset Management LLC grew its stake in shares of Cambium Learning Group by 25.3% during the 2nd quarter. Acadian Asset Management LLC now owns 126,609 shares of the company’s stock worth $644,000 after purchasing an additional 25,573 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Cambium Learning Group by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,777 shares of the company’s stock worth $384,000 after purchasing an additional 3,624 shares during the period. Balter Liquid Alternatives LLC acquired a new stake in shares of Cambium Learning Group during the 2nd quarter worth approximately $400,000. Martingale Asset Management L P grew its stake in shares of Cambium Learning Group by 12.5% during the 2nd quarter. Martingale Asset Management L P now owns 63,711 shares of the company’s stock worth $324,000 after purchasing an additional 7,098 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Cambium Learning Group by 18.2% during the 2nd 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 period. 12.73% of the stock is currently owned by institutional investors and hedge funds.
Cambium Learning Group Company Profile
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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