Joseph N. Mildenhall Sells 5,000 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) Stock
Grand Canyon Education, Inc. (NASDAQ:LOPE) insider Joseph N. Mildenhall sold 5,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the transaction, the insider now directly owns 88,798 shares in the company, valued at $7,118,935.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Grand Canyon Education, Inc. (NASDAQ:LOPE) traded down 0.01% during trading on Friday, reaching $79.43. 199,600 shares of the company were exchanged. Grand Canyon Education, Inc. has a one year low of $39.07 and a one year high of $85.94. The firm’s 50 day moving average price is $77.68 and its 200-day moving average price is $71.99. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 21.92 and a beta of 1.48.
Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.15. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The business had revenue of $218.30 million for the quarter, compared to analysts’ expectations of $213.08 million. During the same period in the previous year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current year.
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A number of large investors have recently made changes to their positions in LOPE. Norges Bank purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth about $13,319,000. Bank of Montreal Can boosted its stake in shares of Grand Canyon Education by 415.5% in the first quarter. Bank of Montreal Can now owns 34,694 shares of the company’s stock worth $2,485,000 after buying an additional 27,964 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Grand Canyon Education by 2.8% in the first quarter. Conestoga Capital Advisors LLC now owns 623,720 shares of the company’s stock worth $44,665,000 after buying an additional 16,811 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Grand Canyon Education during the first quarter worth about $2,083,000. Finally, Hengehold Capital Management LLC purchased a new stake in shares of Grand Canyon Education during the first quarter worth about $204,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
LOPE has been the topic of several research analyst reports. BidaskClub lowered shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research report on Wednesday, June 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $89.00 price objective (up from $85.00) on shares of Grand Canyon Education in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $78.50.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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