Malcolm F. Iv Maclean Buys 2,584 Shares of Aspen Group Inc (ASPU) Stock

Aspen Group Inc (NASDAQ:ASPU) Director Malcolm F. Iv Maclean bought 2,584 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were acquired at an average cost of $7.10 per share, for a total transaction of $18,346.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of ASPU traded down $0.21 during midday trading on Friday, reaching $6.89. The stock had a trading volume of 28,993 shares, compared to its average volume of 41,247. Aspen Group Inc has a 52 week low of $5.85 and a 52 week high of $9.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.81 and a quick ratio of 3.25.

Aspen Group (NASDAQ:ASPU) last posted its quarterly earnings data on Thursday, September 6th. The technology company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). Aspen Group had a negative return on equity of 31.50% and a negative net margin of 36.53%. The firm had revenue of $7.22 million during the quarter, compared to the consensus estimate of $7.19 million. equities research analysts predict that Aspen Group Inc will post -0.33 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Standard LLC bought a new stake in shares of Aspen Group in the 2nd quarter worth $134,000. P.A.W. Capital Corp raised its stake 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 worth $1,718,000 after buying an additional 25,000 shares in the last quarter. Granite Investment Partners LLC raised its stake 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 worth $569,000 after buying an additional 32,476 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Aspen Group in the 2nd quarter worth $284,000. Finally, Penn Capital Management Co. Inc. bought a new stake in shares of Aspen Group in the 2nd quarter worth $561,000. 16.58% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on ASPU. ValuEngine downgraded Aspen Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research raised Aspen Group from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Aspen Group presently has an average rating of “Buy” and a consensus price target of $12.13.

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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