Cornercap Investment Counsel Inc. Acquires New Stake in American Public Education, Inc. (NASDAQ:APEI)

Cornercap Investment Counsel Inc. acquired a new stake in shares of American Public Education, Inc. (NASDAQ:APEI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 29,508 shares of the company’s stock, valued at approximately $519,000. Cornercap Investment Counsel Inc. owned about 0.17% of American Public Education at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of American Public Education during the second quarter valued at $34,000. Public Employees Retirement System of Ohio purchased a new position in American Public Education in the first quarter worth about $130,000. Jump Financial LLC bought a new position in shares of American Public Education in the fourth quarter worth approximately $137,000. Hillsdale Investment Management Inc. purchased a new stake in shares of American Public Education during the first quarter valued at approximately $141,000. Finally, Cannon Global Investment Management LLC purchased a new stake in shares of American Public Education during the first quarter valued at approximately $145,000. 79.62% of the stock is owned by institutional investors.

American Public Education Price Performance

Shares of APEI opened at $15.67 on Friday. The firm has a fifty day simple moving average of $16.58 and a two-hundred day simple moving average of $15.64. The firm has a market cap of $275.40 million, a PE ratio of -5.98, a P/E/G ratio of 1.98 and a beta of 1.25. The company has a current ratio of 2.83, a quick ratio of 2.83 and a debt-to-equity ratio of 0.37. American Public Education, Inc. has a 1-year low of $4.05 and a 1-year high of $21.04.

American Public Education (NASDAQ:APEI) last posted its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $152.90 million for the quarter, compared to the consensus estimate of $154.06 million. American Public Education had a return on equity of 6.88% and a net margin of 1.73%. On average, equities analysts anticipate that American Public Education, Inc. will post 0.49 EPS for the current year.

Insider Activity at American Public Education

In other American Public Education news, Director Michael David Braner purchased 64,304 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $13.81 per share, for a total transaction of $888,038.24. Following the completion of the transaction, the director now owns 1,636,215 shares of the company’s stock, valued at $22,596,129.15. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders acquired 182,287 shares of company stock worth $2,635,431. 11.38% of the stock is owned by company insiders.

Analyst Ratings Changes

APEI has been the topic of several analyst reports. Truist Financial lowered their price objective on American Public Education from $20.00 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. StockNews.com downgraded American Public Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th. Finally, Barrington Research reduced their price objective on American Public Education from $24.00 to $18.00 and set an “outperform” rating for the company in a report 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.