Aspen Group (ASPU) Announces Quarterly Earnings Results

Aspen Group (NASDAQ:ASPU) posted its quarterly earnings data on Monday. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02), Morningstar.com reports. Aspen Group had a negative return on equity of 32.58% and a negative net margin of 39.39%.

Shares of ASPU opened at $5.63 on Tuesday. The firm has a market capitalization of $91.87 million, a price-to-earnings ratio of -14.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 2.18. Aspen Group has a 1 year low of $4.40 and a 1 year high of $8.50.

In other Aspen Group news, COO Gerard Wendolowski sold 6,286 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $4.99, for a total value of $31,367.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrew E. Kaplan bought 5,385 shares of the stock in a transaction on Wednesday, December 12th. The stock was purchased at an average price of $5.57 per share, for a total transaction of $29,994.45. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 15,297 shares of company stock worth $79,017 and sold 15,986 shares worth $79,557. Insiders own 19.40% of the company’s stock.



Several institutional investors and hedge funds have recently modified their holdings of ASPU. BlackRock Inc. bought a new stake in shares of Aspen Group in the second quarter valued at $284,000. Russell Investments Group Ltd. raised its stake in shares of Aspen Group by 54.5% in the third quarter. Russell Investments Group Ltd. now owns 510,558 shares of the technology company’s stock valued at $3,471,000 after buying an additional 180,151 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Aspen Group in the third quarter valued at $218,000. Falcon Point Capital LLC raised its stake in shares of Aspen Group by 64.1% in the third quarter. Falcon Point Capital LLC now owns 82,767 shares of the technology company’s stock valued at $563,000 after buying an additional 32,345 shares during the period. Finally, Water Island Capital LLC bought a new stake in shares of Aspen Group in the third quarter valued at $14,563,000. Hedge funds and other institutional investors own 24.14% of the company’s stock.

Several research firms have weighed in on ASPU. Zacks Investment Research raised Aspen Group from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. ValuEngine cut Aspen Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th.

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Aspen Group Company Profile

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.

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Earnings History for Aspen Group (NASDAQ:ASPU)

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