Falcon Point Capital LLC increased its holdings in shares of Aspen Group Inc (NASDAQ:ASPU) by 9.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,754 shares of the technology company’s stock after buying an additional 7,636 shares during the quarter. Falcon Point Capital LLC owned 0.49% of Aspen Group worth $345,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ASPU. Penn Capital Management Co. Inc. raised its position in Aspen Group by 151.8% in the first quarter. Penn Capital Management Co. Inc. now owns 530,857 shares of the technology company’s stock valued at $2,829,000 after purchasing an additional 319,999 shares during the last quarter. O Brien Greene & Co. Inc bought a new position in shares of Aspen Group during the first quarter worth about $586,000. William Blair Investment Management LLC raised its position in shares of Aspen Group by 8.7% during the first quarter. William Blair Investment Management LLC now owns 1,326,961 shares of the technology company’s stock worth $7,073,000 after acquiring an additional 106,463 shares during the last quarter. Granite Investment Partners LLC raised its position in shares of Aspen Group by 113.6% during the first quarter. Granite Investment Partners LLC now owns 142,603 shares of the technology company’s stock worth $760,000 after acquiring an additional 75,854 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Aspen Group during the fourth quarter worth about $232,000. Institutional investors and hedge funds own 30.73% of the company’s stock.
A number of brokerages have recently issued reports on ASPU. Zacks Investment Research downgraded Aspen Group from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine upgraded Aspen Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th.
Shares of Aspen Group stock opened at $4.37 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 3.31 and a current ratio of 3.31. Aspen Group Inc has a 52 week low of $3.58 and a 52 week high of $8.20. The stock has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $4.53. The stock has a market capitalization of $81.31 million, a PE ratio of -8.74 and a beta of 0.71.
Aspen Group (NASDAQ:ASPU) last posted its earnings results on Tuesday, July 9th. The technology company reported ($0.09) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.09). Aspen Group had a negative return on equity of 32.62% and a negative net margin of 27.27%. The company had revenue of $10.21 million for the quarter, compared to analyst estimates of $10.19 million. Research analysts forecast that Aspen Group Inc will post -0.22 EPS for the current year.
About Aspen Group
Aspen Group, Inc provides online higher education services in the United States. The company offers certificate programs; and associate, bachelor's, master's, and doctoral degree programs in a range of areas, including nursing, education, business, technology, management, health sciences, and professional and extended studies.
See Also: How to read a candlestick chart
Receive News & Ratings for Aspen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group and related companies with MarketBeat.com's FREE daily email newsletter.