Educational Development Co. (NASDAQ:EDUC) Stake Boosted by Ridgewood Investments LLC

Ridgewood Investments LLC grew its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 158.8% during the 4th quarter, HoldingsChannel reports. The fund owned 60,342 shares of the company’s stock after acquiring an additional 37,022 shares during the period. Ridgewood Investments LLC’s holdings in Educational Development were worth $100,000 as of its most recent SEC filing.

Separately, Needham Investment Management LLC grew its holdings in shares of Educational Development by 7.3% during the 3rd quarter. Needham Investment Management LLC now owns 805,000 shares of the company’s stock valued at $1,884,000 after acquiring an additional 55,000 shares in the last quarter. Institutional investors and hedge funds own 19.60% of the company’s stock.

Educational Development Price Performance

EDUC stock opened at $1.70 on Friday. The company has a current ratio of 3.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Educational Development Co. has a 1 year low of $1.16 and a 1 year high of $2.95. The company has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.97. The firm has a market cap of $14.59 million, a PE ratio of -5.31 and a beta of 1.05.

Educational Development (NASDAQ:EDUC) last released its quarterly earnings data on Thursday, October 10th. The company reported ($0.22) earnings per share (EPS) for the quarter. Educational Development had a negative net margin of 6.42% and a negative return on equity of 6.08%. The business had revenue of $6.51 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Educational Development in a research note on Sunday, January 5th. They issued a “strong-buy” rating for the company.

About Educational Development

Educational Development Corporation, a publishing company, operates as a publisher of educational children's books in the United States. It operates through two segments, PaperPie and Publishing. The company offers various books, including touchy-feely board books, activity books and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as internet-linked books comprising science and math titles, and chapter books and novels.