American Public Education, Inc. (NASDAQ:APEI) Director Buys $888,038.24 in Stock

American Public Education, Inc. (NASDAQ:APEI) Director Michael David Braner purchased 64,304 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $13.81 per share, for a total transaction of $888,038.24. Following the acquisition, the director now directly owns 1,636,215 shares of the company’s stock, valued at approximately $22,596,129.15. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

American Public Education Stock Up 2.1 %

APEI stock opened at $14.83 on Friday. American Public Education, Inc. has a twelve month low of $4.05 and a twelve month high of $21.04. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $260.64 million, a P/E ratio of -5.66, a PEG ratio of 1.72 and a beta of 1.31. The firm has a 50 day simple moving average of $17.08 and a 200-day simple moving average of $15.04.

Institutional Trading of American Public Education

A number of hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in shares of American Public Education by 329.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 425,064 shares of the company’s stock valued at $7,473,000 after purchasing an additional 326,091 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in American Public Education during the first quarter valued at approximately $2,159,000. Renaissance Technologies LLC raised its stake in American Public Education by 14.5% during the second quarter. Renaissance Technologies LLC now owns 1,004,011 shares of the company’s stock valued at $17,651,000 after buying an additional 127,000 shares in the last quarter. American Century Companies Inc. lifted its holdings in American Public Education by 43.6% during the 2nd quarter. American Century Companies Inc. now owns 351,644 shares of the company’s stock worth $6,182,000 after buying an additional 106,689 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of American Public Education by 121.3% in the 2nd quarter. Acadian Asset Management LLC now owns 194,365 shares of the company’s stock worth $3,414,000 after acquiring an additional 106,535 shares in the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. B. Riley raised their price target on shares of American Public Education from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. StockNews.com lowered shares of American Public Education from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. Truist Financial dropped their price objective on shares of American Public Education from $20.00 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, Barrington Research dropped their price objective on shares of American Public Education from $24.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

American Public Education Company Profile

American Public Education, Inc, together with its subsidiaries, provides online and campus-based postsecondary education and career learning in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. The company offers 184 degree programs and 134 certificate programs in various fields of study, including nursing, national security, military studies, intelligence, homeland security, business, health science, information technology, justice studies, education, and liberal arts; and career learning opportunities in leadership, finance, human resources, and other fields of study critical to the federal government workforce.