Aspen Group Inc (ASPU) COO Gerard Wendolowski Sells 6,286 Shares

Aspen Group Inc (NASDAQ:ASPU) COO Gerard Wendolowski sold 6,286 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $4.99, for a total transaction of $31,367.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gerard Wendolowski also recently made the following trade(s):

  • On Monday, March 11th, Gerard Wendolowski sold 5,364 shares of Aspen Group stock. The shares were sold at an average price of $5.17, for a total transaction of $27,731.88.
  • On Tuesday, February 26th, Gerard Wendolowski sold 6,200 shares of Aspen Group stock. The shares were sold at an average price of $4.95, for a total transaction of $30,690.00.

Shares of ASPU stock traded up $0.14 during trading hours on Friday, hitting $5.45. The company’s stock had a trading volume of 85,899 shares, compared to its average volume of 52,990. The company has a market capitalization of $93.56 million, a P/E ratio of -13.97 and a beta of 0.76. Aspen Group Inc has a 12-month low of $4.40 and a 12-month high of $8.50.

Aspen Group (NASDAQ:ASPU) last released its quarterly earnings data on Monday, March 11th. The technology company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Aspen Group had a negative net margin of 36.52% and a negative return on equity of 32.33%. The business had revenue of $8.50 million during the quarter, compared to analysts’ expectations of $8.32 million. As a group, equities analysts forecast that Aspen Group Inc will post -0.46 earnings per share for the current year.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Aspen Group from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. ValuEngine downgraded shares of Aspen Group from a “buy” rating to a “hold” rating in a report on Thursday, March 7th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quad Capital Management Advisors LLC boosted its holdings in Aspen Group by 25.0% during the fourth quarter. Quad Capital Management Advisors LLC now owns 33,160 shares of the technology company’s stock worth $182,000 after buying an additional 6,625 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Aspen Group during the third quarter worth $218,000. Falcon Point Capital LLC raised its position in Aspen Group by 64.1% during the third quarter. Falcon Point Capital LLC now owns 82,767 shares of the technology company’s stock worth $563,000 after acquiring an additional 32,345 shares during the period. Penn Capital Management Co. Inc. raised its position in Aspen Group by 45.9% during the third quarter. Penn Capital Management Co. Inc. now owns 109,613 shares of the technology company’s stock worth $745,000 after acquiring an additional 34,500 shares during the period. Finally, BlackRock Inc. acquired a new position in Aspen Group during the second quarter worth $284,000. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

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About Aspen Group

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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