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 | $7,786,285 | 0.78% | |
| 2. | 683 Capital Partners Ari Zweiman | 380,000 | $3,355,400 | +9% | 0.18% |
| 3. | Millennium Management Israel Englander | 136,141 | $1,202,125 | -21% | 0% |
| 4. | Voleon Capital Management Michael Kharitonov And Jon David Mcauliffe | 91,842 | $810,965 | +249% | 0.02% |
| 5. | D E Shaw D. E. Shaw | 44,701 | $394,710 | -9% | 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 |
|---|---|---|---|---|---|---|
| $8.11 | 81 | $656.91 | 362,836 | 2026-03-13 | Filing | |
| $8.11 | 17 | $137.87 | 81,209 | 2026-03-13 | Filing | |
| $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 |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 11,208,746 | $98,973,227 | 68.4% | |
| 2. | 3,423,782 | $30,231,995 | 10.87% | |
| 3. | 1,700,000 | $15,011,000 | 11.54% | |
| 4. | 1,087,626 | $9,603,738 | 0% | |
| 5. | 1,045,727 | $9,233,769 | 0% |