Aspen Group Inc (ASPU) Director Purchases $10,269.00 in Stock

Aspen Group Inc (NASDAQ:ASPU) Director Malcolm F. Iv Maclean acquired 2,100 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were bought at an average price of $4.89 per share, for a total transaction of $10,269.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

ASPU opened at $4.76 on Friday. Aspen Group Inc has a 52-week low of $4.21 and a 52-week high of $8.50. The stock has a market cap of $88.01 million, a PE ratio of -12.21 and a beta of 0.77.

Aspen Group (NASDAQ:ASPU) last issued its quarterly earnings results on Monday, March 11th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.02). Aspen Group had a negative return on equity of 32.33% and a negative net margin of 36.52%. The business had revenue of $8.50 million during the quarter, compared to analyst estimates of $8.32 million. Sell-side analysts forecast that Aspen Group Inc will post -0.5 EPS for the current year.

A number of large investors have recently modified their holdings of ASPU. FNY Investment Advisers LLC increased its holdings in Aspen Group by 192.2% in the 1st quarter. FNY Investment Advisers LLC now owns 15,964 shares of the technology company’s stock worth $85,000 after buying an additional 10,500 shares during the period. Quad Capital Management Advisors LLC increased its holdings in Aspen Group by 25.0% in the 4th 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 during the period. Janney Montgomery Scott LLC acquired a new position in Aspen Group in the 3rd quarter worth approximately $218,000. Dimensional Fund Advisors LP acquired a new position in Aspen Group in the 4th quarter worth approximately $232,000. Finally, Penn Capital Management Co. Inc. increased its holdings in Aspen Group by 45.9% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 109,613 shares of the technology company’s stock worth $745,000 after buying an additional 34,500 shares during the period. Institutional investors own 24.24% of the company’s stock.

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