Empowered Funds LLC Purchases 4,288 Shares of American Public Education, Inc. (NASDAQ:APEI)

Empowered Funds LLC increased its position in shares of American Public Education, Inc. (NASDAQ:APEI) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,299 shares of the company’s stock after buying an additional 4,288 shares during the quarter. Empowered Funds LLC owned 0.49% of American Public Education worth $1,273,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of American Public Education during the third quarter worth about $299,000. GSA Capital Partners LLP boosted its position in American Public Education by 184.0% during the third quarter. GSA Capital Partners LLP now owns 31,963 shares of the company’s stock valued at $471,000 after purchasing an additional 20,710 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in American Public Education during the third quarter valued at approximately $227,000. Principal Financial Group Inc. acquired a new position in American Public Education during the third quarter valued at approximately $165,000. Finally, Quarry LP boosted its position in American Public Education by 94.0% during the second quarter. Quarry LP now owns 4,666 shares of the company’s stock valued at $82,000 after purchasing an additional 2,261 shares during the last quarter. 79.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael David Braner purchased 17,872 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of $16.77 per share, with a total value of $299,713.44. Following the acquisition, the director now owns 1,922,610 shares in the company, valued at approximately $32,242,169.70. This trade represents a 0.94 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.38% of the stock is currently owned by insiders.

American Public Education Stock Performance

NASDAQ:APEI opened at $19.87 on Friday. The stock has a market cap of $351.90 million, a P/E ratio of 35.48, a PEG ratio of 2.65 and a beta of 1.24. The stock has a 50 day simple moving average of $15.59 and a 200 day simple moving average of $16.44. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.37. American Public Education, Inc. has a 1-year low of $6.67 and a 1-year high of $21.04.

Wall Street Analyst Weigh In

APEI has been the subject of several recent research reports. Barrington Research increased their price target on American Public Education from $18.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. B. Riley raised their price objective on American Public Education from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com cut American Public Education from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Truist Financial raised their price objective on American Public Education from $15.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, November 14th.

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.