Aspen Group Inc (ASPU) Director Malcolm F. Iv Maclean Purchases 2,907 Shares

Aspen Group Inc (NASDAQ:ASPU) Director Malcolm F. Iv Maclean acquired 2,907 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were bought at an average cost of $7.09 per share, with a total value of $20,610.63. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aspen Group stock traded up $0.07 during mid-day trading on Wednesday, reaching $7.26. 8,178 shares of the company were exchanged, compared to its average volume of 47,275. Aspen Group Inc has a twelve month low of $5.66 and a twelve month high of $9.61. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $134.63 million, a price-to-earnings ratio of -18.62 and a beta of 0.67.

Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings data on Thursday, September 6th. The technology company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). Aspen Group had a negative return on equity of 36.40% and a negative net margin of 36.53%. The company had revenue of $7.22 million for the quarter, compared to analyst estimates of $7.19 million. equities analysts predict that Aspen Group Inc will post -0.28 earnings per share for the current year.

A number of analysts have weighed in on ASPU shares. ValuEngine cut Aspen Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Zacks Investment Research cut Aspen Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $12.13.

Several institutional investors and hedge funds have recently bought and sold shares of ASPU. Western Standard LLC acquired a new stake in shares of Aspen Group in the 2nd quarter valued at approximately $134,000. BlackRock Inc. acquired a new stake in shares of Aspen Group in the 2nd quarter valued at approximately $284,000. Penn Capital Management Co. Inc. acquired a new stake in shares of Aspen Group in the 2nd quarter valued at approximately $561,000. Granite Investment Partners LLC lifted its holdings in shares of Aspen Group by 74.5% in the 2nd quarter. Granite Investment Partners LLC now owns 76,073 shares of the technology company’s stock valued at $569,000 after buying an additional 32,476 shares during the period. Finally, P.A.W. Capital Corp lifted its holdings in shares of Aspen Group by 12.2% in the 2nd quarter. P.A.W. Capital Corp now owns 230,000 shares of the technology company’s stock valued at $1,718,000 after buying an additional 25,000 shares during the period. 16.58% of the stock is owned by institutional investors and hedge funds.

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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