Insider Selling: Grand Canyon Education Inc (NASDAQ:LOPE) Insider Sells $233,000.00 in Stock

Grand Canyon Education Inc (NASDAQ:LOPE) insider Joseph N. Mildenhall sold 2,000 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the transaction, the insider now owns 60,809 shares in the company, valued at $7,084,248.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ:LOPE opened at $117.57 on Friday. Grand Canyon Education Inc has a one year low of $90.67 and a one year high of $130.10. The firm has a market capitalization of $5.67 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.41 and a beta of 0.82. The company has a fifty day moving average of $120.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 1.57.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Tuesday, May 7th. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.13. Grand Canyon Education had a net margin of 29.80% and a return on equity of 21.50%. The firm had revenue of $197.29 million for the quarter, compared to the consensus estimate of $195.60 million. During the same period in the previous year, the company earned $1.52 earnings per share. The company’s quarterly revenue was down 28.4% on a year-over-year basis. On average, equities research analysts expect that Grand Canyon Education Inc will post 5.24 earnings per share for the current year.

Several equities analysts have commented on the stock. ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Barrington Research set a $22.00 price objective on shares of The Hackett Group and gave the company a “buy” rating in a report on Wednesday, May 8th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $131.00.

Several hedge funds have recently added to or reduced their stakes in LOPE. Amundi Pioneer Asset Management Inc. grew its stake in Grand Canyon Education by 3.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 155,770 shares of the company’s stock worth $17,837,000 after buying an additional 5,329 shares in the last quarter. FMR LLC grew its stake in Grand Canyon Education by 47.0% during the first quarter. FMR LLC now owns 3,493,165 shares of the company’s stock worth $400,002,000 after buying an additional 1,116,492 shares in the last quarter. Nordea Investment Management AB grew its stake in Grand Canyon Education by 0.4% during the first quarter. Nordea Investment Management AB now owns 41,663 shares of the company’s stock worth $4,771,000 after buying an additional 178 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Grand Canyon Education during the first quarter worth about $611,000. Finally, Marshall Wace LLP bought a new position in shares of Grand Canyon Education in the first quarter worth about $77,000. Institutional investors and hedge funds own 96.16% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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