Adtalem Global Education Inc. (NYSE:ATGE) Director Buys $316,700.00 in Shares

Adtalem Global Education Inc. (NYSE: ATGE – Get a rating) Director William V. Krehbiel acquired 10,000 shares of the company in a transaction dated Tuesday, June 14. The shares were acquired at an average price of $31.67 per share, for a total transaction of $316,700.00. Following the acquisition, the director now owns 10,000 shares of the company, valued at approximately $316,700. The purchase was disclosed in a legal filing with the SEC, accessible via this link.

NYSE:ATGE traded up $0.10 midday on Wednesday, hitting $31.79. 577,002 shares were traded, against an average volume of 474,257. The company has a 50-day simple moving average of $31.04 and a 200-day simple moving average of $28.86. The stock has a market capitalization of $1.44 billion, a P/E ratio of 4.91, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt ratio of 0.82. Adtalem Global Education Inc. has a 1 year minimum of $19.14 and a 1 year maximum of $40.23.

Adtalem Global Education (NYSE: ATGE – Get a rating) last released its quarterly results on Thursday, May 5. The company reported earnings per share (EPS) of $0.87 for the quarter, beating analyst consensus estimates of $0.82 by $0.05. The company posted revenue of $365.60 million for the quarter, versus a consensus estimate of $360.34 million. Adtalem Global Education achieved a return on equity of 10.99% and a net margin of 23.34%. The company’s quarterly revenue increased by 30.2% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.72. As a group, research analysts predict that Adtalem Global Education Inc. will post EPS of 3.25 for the current year.

Large investors have recently increased or reduced their stakes in the stock. Signaturefd LLC increased its stake in Adtalem Global Education by 47.0% during the 4th quarter. Signaturefd LLC now owns 1,039 shares of the company worth $31,000 after purchasing an additional 332 shares in the last quarter. US Bancorp DE increased its stake in shares of Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company valued at $53,000 after buying an additional 775 shares in the last quarter. Marshall Wace North America LP bought a new position in shares of Adtalem Global Education in Q1 worth approximately $56,000. Gladius Capital Management LP bought a new position in shares of Adtalem Global Education in Q4, valued at around $57,000. Finally, Captrust Financial Advisors increased its stake in the shares of Adtalem Global Education by 210.5% in the 1st quarter. Captrust Financial Advisors now owns 2,881 shares of the company valued at $86,000 after buying 1,953 additional shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s shares.

Separately, StockNews.com began covering Adtalem Global Education in a report on Thursday, March 31. They issued a “hold” rating on the stock.

Adtalem Global Education Company Profile (Get a rating)

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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Insider buying and selling by quarter for Adtalem Global Education (NYSE:ATGE)

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