5 Stocks Under $20 to Buy Today According to Nishkama Capital

3. Barnes & Noble Education, Inc. (NYSE:BNED)

Nishkama Capital’s Stake Value: $4.9 million

Percentage of Nishkama Capital’s 13F Portfolio: 1.2%

Number of Hedge Fund Investors: 16

Stock Price as of May 16, 2022: $2.47

Barnes & Noble Education, Inc. (NYSE:BNED) is an American bookstore company that is headquartered in Basking Ridge, New Jersey. The company operates both physical and virtual bookstores and it sells and rents textbooks for schools, colleges and university campuses.

Mr. Mehta’s investment firm owned 719,978 Barnes & Noble Education, Inc. (NYSE:BNED) shares as the fourth quarter of last year came to an end. These were worth $4.9 million. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 16 had also invested in the company.

Barnes & Noble Education, Inc. (NYSE:BNED)’s Q3 earnings results saw it post $402 million in revenue and -$0.71 in GAAP EPS, missing analyst estimates for both metrics. Needham lowered the company’s price target to $6 from $11 in March 2022, outlining that COVID delays and remote learning had harmed the company.

Scott Stewart Miller’s Greenhaven Road Investment Management is Barnes & Noble Education, Inc. (NYSE:BNED)’s largest investor through a $14 million  stake that comes through owning 2 million shares.