Barnes & Noble Education, Inc. (BNED): A Bear Case Theory
We came across a bearish thesis on Barnes & Noble Education, Inc. (BNED) on Monopolistic Investor’s Substack by Antoni Nabzdyk. In this article, we will summarize the bears’ thesis on BNED.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Prescott Group Capital Management Phil Frohlich | 881,799 | $8,103,733 | +187% | 0.75% |
| 2. | 683 Capital Partners Ari Zweiman | 350,000 | $3,216,501 | 0.14% | |
| 3. | Millennium Management Israel Englander | 171,693 | $1,577,859 | -32% | 0% |
| 4. | Citadel Investment Group Ken Griffin | 52,308 | $480,711 | +222% | 0% |
| 5. | D E Shaw D. E. Shaw | 49,085 | $451,092 | +149% | 0% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $8.60 | 142,898 | $1,229,051.41 | 11,208,746 | 2025-03-13 | Filing | |
| $8.49 | 59,146 | $502,309.23 | 11,065,848 | 2025-03-12 | Filing | |
| $8.15 | 18,000 | $146,629.80 | 112,441 | 2024-07-16 | Filing | |
| $0.05 | 208,200 | $10,410.00 | 308,043 | 2024-06-10 | Filing | |
| $7.19 | 12,000 | $86,268.00 | 12,000 | 2024-07-10 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $11.25 | 1,500,000 | $16,875,000.00 | 2,976,614 | 2024-12-16 | Filing | |
| $6.57 | 45,140 | $296,569.80 | 163,990 | 2022-01-11 | Filing | |
| $7.50 | 4,000 | $30,000.00 | 158,375 | 2021-12-16 | Filing | |
| $11.04 | 36,052 | $398,057.34 | 140,458 | 2021-09-17 | Filing | |
| $10.13 | 41,000 | $415,330.00 | 153,210 | 2021-09-09 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 11,208,746 | $103,008,376 | 70.59% | |
| 2. | 1,700,000 | $15,623,000 | 9.17% | |
| 3. | 1,104,662 | $10,151,843 | 0% | |
| 4. | 1,097,439 | $10,085,463 | 0% | |
| 5. | 1,063,135 | $9,770,211 | 0% |