Is Educational Development Corp. (EDUC) A Smart Long-Term Buy?

Singular Research, an investment management firm, published its November 2021 investor letter – a copy of which can be seen here. For the month of November, the Singular coverage list underperformed the S&P 500 and Russell 2000 by (593) and (248) basis points, respectively.  Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 3,502 and 4,029 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned Educational Development Corporation (NASDAQ: EDUC) and discussed its stance on the firm. Educational Development Corporation is a Tulsa, Oklahoma-based book publishing company with a $73.1 million market capitalization. EDUC delivered a -44.99% return since the beginning of the year, while its 12-month returns are down by -47.55%. The stock closed at $8.45 per share on December 21, 2021.

Here is what Singular Research has to say about Educational Development Corporation  in its Q3 2021 investor letter:

“For the month, we initiated coverage on EDUC. EDUC is a publishing company specializing in books for children. EDUC is the American co-publisher of the UK-based Usborne Books and owns Kane Miller, which publishes children’s literature from around the world. Both Usborne and Kane Miller products are sold nationally by direct sales consultants, as well as in book, toy, and specialty stores. For a full report on EDUC, please click here for our Seeking Alpha article.”

Photo by Mikołaj on Unsplash

Based on our calculations, Educational Development Corporation (NASDAQ: EDUC) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. EDUC was in 1 hedge fund portfolio at the end of the third quarter of 2021, compared to 1 fund in the previous quarter. Educational Development Corporation (NASDAQ: EDUC) delivered a -16.09% return in the past 3 months.

You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.