Grand Canyon Education Inc (NASDAQ:LOPE) Insider Joseph N. Mildenhall Sells 2,000 Shares

Grand Canyon Education Inc (NASDAQ:LOPE) insider Joseph N. Mildenhall sold 2,000 shares of Grand Canyon Education stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $126.20, for a total transaction of $252,400.00. Following the transaction, the insider now directly owns 58,809 shares of the company’s stock, valued at $7,421,695.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

NASDAQ:LOPE traded up $1.62 on Tuesday, reaching $125.96. 179,570 shares of the stock traded hands, compared to its average volume of 346,662. The firm has a market capitalization of $6.09 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. Grand Canyon Education Inc has a 12 month low of $90.67 and a 12 month high of $130.10. The stock’s fifty day moving average is $121.04.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The business had revenue of $174.82 million during the quarter, compared to analyst estimates of $173.40 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. Grand Canyon Education’s revenue was down 26.2% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. As a group, research analysts predict that Grand Canyon Education Inc will post 5.39 EPS for the current fiscal year.



A number of large investors have recently added to or reduced their stakes in LOPE. NEXT Financial Group Inc grew its stake in shares of Grand Canyon Education by 9.1% in the second quarter. NEXT Financial Group Inc now owns 1,193 shares of the company’s stock worth $139,000 after acquiring an additional 100 shares during the period. SG Americas Securities LLC grew its stake in shares of Grand Canyon Education by 0.9% in the first quarter. SG Americas Securities LLC now owns 11,418 shares of the company’s stock worth $1,307,000 after acquiring an additional 102 shares during the period. First Hawaiian Bank grew its stake in shares of Grand Canyon Education by 1.6% in the second quarter. First Hawaiian Bank now owns 6,803 shares of the company’s stock worth $796,000 after acquiring an additional 108 shares during the period. Captrust Financial Advisors grew its stake in shares of Grand Canyon Education by 15.6% in the second quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock worth $96,000 after acquiring an additional 110 shares during the period. Finally, Nordea Investment Management AB grew its stake in shares of Grand Canyon Education by 0.4% in the first quarter. Nordea Investment Management AB now owns 41,663 shares of the company’s stock worth $4,771,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

A number of research analysts recently issued reports on the stock. BidaskClub raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Friday. Barrington Research raised their price objective on shares of Grand Canyon Education from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird set a $145.00 price objective on shares of Grand Canyon Education and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $139.25.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Insider Buying and Selling by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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