Heron Bay Capital Management Decreases Position in American Public Education, Inc. (NASDAQ:APEI)

Heron Bay Capital Management reduced its stake in American Public Education, Inc. (NASDAQ:APEI) by 21.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,528 shares of the company’s stock after selling 3,770 shares during the period. Heron Bay Capital Management owned 0.08% of American Public Education worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APEI. Innealta Capital LLC purchased a new position in shares of American Public Education in the 2nd quarter valued at $34,000. Public Employees Retirement System of Ohio purchased a new position in shares of American Public Education during the first quarter worth about $130,000. Jump Financial LLC acquired a new stake in shares of American Public Education during the fourth quarter worth about $137,000. Hillsdale Investment Management Inc. purchased a new stake in shares of American Public Education in the 1st quarter valued at about $141,000. Finally, Cannon Global Investment Management LLC acquired a new stake in shares of American Public Education in the 1st quarter valued at about $145,000. Institutional investors and hedge funds own 79.62% of the company’s stock.

American Public Education Trading Down 1.6 %

Shares of APEI stock opened at $15.17 on Friday. The company has a market capitalization of $266.61 million, a P/E ratio of -5.79, a price-to-earnings-growth 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. The business’s 50 day moving average is $16.37 and its two-hundred day moving average is $15.79. American Public Education, Inc. has a twelve month low of $4.05 and a twelve month high of $21.04.

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

Wall Street Analyst Weigh In

Several research analysts have commented on APEI shares. Barrington Research cut their price target on American Public Education from $24.00 to $18.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial reduced their price target on shares of American Public Education from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Finally, StockNews.com downgraded shares of American Public Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th.

Insider Transactions at American Public Education

In other American Public Education news, Director Michael David Braner acquired 64,304 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $13.81 per share, with a total value of $888,038.24. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 182,287 shares of company stock worth $2,635,431 over the last ninety days. 11.38% of the stock is currently owned by company insiders.

About American Public Education

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.