Bernard Selz Takes 6.09% Stake in Barnes & Noble Education

TL;DR

**Bernard Selz just revealed a 6.09% stake in Barnes & Noble Education, holding 3.2M shares.**

AI Summary

Bernard Selz, an individual investor, reported beneficial ownership of 3,236,984 shares of Barnes & Noble Education, Inc. common stock as of December 31, 2023. This stake represents 6.09% of the company's outstanding shares, making Selz a significant shareholder. This matters to investors because a large individual stake can signal confidence in the company's future or potentially influence corporate decisions, especially for a company like Barnes & Noble Education (BNED) which operates in the retail-miscellaneous shopping goods sector.

Why It Matters

A significant individual stake like this can indicate a belief in the company's value and could lead to increased shareholder activism or influence over strategic direction.

Risk Assessment

Risk Level: low — This filing indicates a passive investment, which generally carries a low risk of immediate negative impact on the stock.

Analyst Insight

Smart investors should monitor any future filings by Bernard Selz (e.g., 13D if intentions change) and research Barnes & Noble Education's fundamentals to understand why a significant investor has taken this stake.

Key Numbers

• 3,236,984 — Shares Beneficially Owned (Total shares of Barnes & Noble Education, Inc. common stock owned by Bernard Selz)
• 6.09% — Percent of Class (Percentage of Barnes & Noble Education, Inc. common stock owned by Bernard Selz)
• 12/31/2023 — Date of Event (The date that triggered the filing requirement for Bernard Selz's stake)

Key Players & Entities

• Bernard Selz (person) — reporting person, beneficial owner of shares
• Barnes & Noble Education, Inc. (company) — subject company, issuer of securities
• 07 Trade & Services (company) — organization name associated with the subject company
• ING Asset Management (company) — address associated with the filer

Forward-Looking Statements

• Bernard Selz may seek to engage with Barnes & Noble Education's management regarding strategic direction or operational improvements. (Bernard Selz) — medium confidence, target: Within 6-12 months
• The stock price of Barnes & Noble Education, Inc. could see a short-term positive reaction due to the disclosed significant investor stake. (Barnes & Noble Education, Inc.) — low confidence, target: Within 1-3 weeks

FAQ

Filing Documents

• b123245sc13g.htm (SC 13G) — 40KB
• 0001214659-24-001092.txt ( ) — 41KB

(a)

Item 1(a). Name of Issuer: BARNES & NOBLE EDUCATION INC

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 120 Mountain View Boulevard, Basking Ridge, NJ 07920

(a)

Item 2(a). Name of Person Filing: Bernard Selz

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: c/o Ingalls & Snyder LLC, 1325 Avenue of the Americas, New York, NY 10019

(c)

Item 2(c). Citizenship: USA

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 06777U101 Page 3 of 6 Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) o Investment company registered under Section 8 of the Investment Company Act of 1940; (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E) ; (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) ; (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) ; (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J) ; (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K) . If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 3,236,984 (b) Percent of Class: 6.1% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 3,236,984 (ii) shared power to vote or to direct the vote: (iii) sole power to dispose or to direct the disposition of: 3,236,984 (iv) shared power to dispose or to direct the disposition of: Page 4 of 6 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has cea

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