24/7 Wall St.
11-13-2008, 12:00 PM
24/7 Wall St. Daily News
American Public Education, Inc. (NASDAQ: APEI) filed (http://www.sec.gov/Archives/edgar/data/1201792/000095013308003787/w67062sv1.htm#108) to sell just over 4.2 million shares of common stock after the close yesterday after earnings and it is taking its toll on shares this morning.
Affiliates of backer ABS Capital Partners are selling out what appears to be the entire 23.4% stake in the company. After this shares sale, assuming it comes all at once or entirely, would leave ABS Capital with a zero percent stake.
The company is a a provider of exclusively online post-secondary education directed at the needs of the military and public service communities. It operates through two universities, American Military University and American Public University.
The company also gave earnings after the close yesterday. Net course registrations of approximately 38,900 in the third quarter of 2008, a year-over-year increase of 54%. Net income for the third quarter of 2008 increased approximately 72% to $3.8 million or $0.20 per diluted share, compared to $2.2 million or $0.18 per diluted share in the same period of 2007. Its third quarter 2008 revenues increased 56% to $27.4 million, compared to $17.6 million in the third quarter of 2007.
Shares are trading down almost 7% at $40.11 on over 200,000 shares this morning. Its 52-week trading range is $27.56 to $53.24.
JON C. OGG
NOVEMBER 13, 2008
http://feeds.feedburner.com/~f/typepad/RyNm?i=NRd1N</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=NRd1N) http://feeds.feedburner.com/~f/typepad/RyNm?i=LetCN</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=LetCN) http://feeds.feedburner.com/~f/typepad/RyNm?i=gMmun</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=gMmun)
complete story here... (http://www.247wallst.com/2008/11/american-public.html)
American Public Education, Inc. (NASDAQ: APEI) filed (http://www.sec.gov/Archives/edgar/data/1201792/000095013308003787/w67062sv1.htm#108) to sell just over 4.2 million shares of common stock after the close yesterday after earnings and it is taking its toll on shares this morning.
Affiliates of backer ABS Capital Partners are selling out what appears to be the entire 23.4% stake in the company. After this shares sale, assuming it comes all at once or entirely, would leave ABS Capital with a zero percent stake.
The company is a a provider of exclusively online post-secondary education directed at the needs of the military and public service communities. It operates through two universities, American Military University and American Public University.
The company also gave earnings after the close yesterday. Net course registrations of approximately 38,900 in the third quarter of 2008, a year-over-year increase of 54%. Net income for the third quarter of 2008 increased approximately 72% to $3.8 million or $0.20 per diluted share, compared to $2.2 million or $0.18 per diluted share in the same period of 2007. Its third quarter 2008 revenues increased 56% to $27.4 million, compared to $17.6 million in the third quarter of 2007.
Shares are trading down almost 7% at $40.11 on over 200,000 shares this morning. Its 52-week trading range is $27.56 to $53.24.
JON C. OGG
NOVEMBER 13, 2008
http://feeds.feedburner.com/~f/typepad/RyNm?i=NRd1N</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=NRd1N) http://feeds.feedburner.com/~f/typepad/RyNm?i=LetCN</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=LetCN) http://feeds.feedburner.com/~f/typepad/RyNm?i=gMmun</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=gMmun)
complete story here... (http://www.247wallst.com/2008/11/american-public.html)