For the month of October Educational Development Corporation (NASDAQ:EDUC) has announced revenues which are a record for the company. They’ve reported revenue of over $8.5 million, far exheeding last year’s October earnings of just over $3.6 million. The company expects to continue this revenue growth, with estimates exceeding $10 million for November.
Additionally, the board of directors have just authorized a $0.09 per share cash dividend, payable on Dec. 18, for shareholders of record as of Dec 11,2015.
The stock is up 13.49% or $1.56 after the positive news, hitting $13.16 per share. About 56,183 shares traded hands or 52.21% up from the average. EDUC has risen 176.19% since April 22, 2015 and is uptrending. It has outperformed by 177.20% the S&P500.
The institutional sentiment increased to 2.5 in Q2 2015. Its up 0.50, from 2 in 2015Q1. The ratio improved, as 1 funds sold all Educational Development Corporation shares owned while 1 reduced positions. 1 funds bought stakes while 4 increased positions. They now own 570,460 shares or 0.32% less from 572,264 shares in 2015Q1.
First Wilshire Securities Management Inc holds 0.06% of its portfolio in Educational Development Corporation for 58,292 shares. Thompson Davis & Co. Inc. owns 3,087 shares or 0.02% of their US portfolio. Moreover, Dimensional Fund Advisors Lp has 0% invested in the company for 90,396 shares. The Massachusetts-based Fmr Llc has invested 0% in the stock. Manufacturers Life Insurance Company The, a Ontario – Canada-based fund reported 1,013 shares.
Educational Development Corporation is a publisher of educational children’s books produced in the United Kingdom by Usborne Publishing Limited. The company has a market cap of $61.11 million. The Firm also owns Kane Miller Book Publishers. It has 33.27 P/E ratio. The Firm sells books through two divisions: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing).