Barnes & Noble, Inc. (NYSE:BKS)’s share price gapped up before the market opened on Monday after the company announced a dividend. The stock had previously closed at $6.63, but opened at $6.62. Barnes & Noble shares last traded at $6.66, with a volume of 317667 shares changing hands.
The newly announced dividend which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.66%. The ex-dividend date is Wednesday, July 3rd.
Separately, Craig Hallum set a $7.00 price objective on shares of Barnes & Noble and gave the company a “buy” rating in a report on Thursday, March 7th.
Large investors have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in shares of Barnes & Noble in the fourth quarter worth about $41,000. Investors Research Corp purchased a new position in shares of Barnes & Noble in the first quarter worth about $33,000. NumerixS Investment Technologies Inc lifted its stake in shares of Barnes & Noble by 323.5% in the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the specialty retailer’s stock worth $40,000 after buying an additional 5,500 shares in the last quarter. Magnus Financial Group LLC purchased a new position in shares of Barnes & Noble in the fourth quarter worth about $81,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Barnes & Noble by 316.5% in the first quarter. BNP Paribas Arbitrage SA now owns 13,021 shares of the specialty retailer’s stock worth $71,000 after buying an additional 9,895 shares in the last quarter. 71.79% of the stock is currently owned by hedge funds and other institutional investors.
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About Barnes & Noble (NYSE:BKS)
Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.
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