Gladstone Institutional Advisory LLC Invests $516,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Gladstone Institutional Advisory LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,683 shares of the company's stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas bought a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the third quarter valued at approximately $27,000. R Squared Ltd bought a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $70,000. Harvest Fund Management Co. Ltd bought a new position in shares of Adtalem Global Education during the third quarter valued at approximately $123,000. Finally, GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after purchasing an additional 177 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. This trade represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,185 shares of company stock worth $1,250,721 over the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ATGE shares. Barrington Research increased their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd.

Adtalem Global Education Stock Performance

ATGE stock traded up $0.86 on Tuesday, reaching $104.33. The company's stock had a trading volume of 125,995 shares, compared to its average volume of 402,295. Adtalem Global Education Inc. has a 52 week low of $45.16 and a 52 week high of $112.43. The company has a market capitalization of $3.89 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The firm has a fifty day moving average of $96.69 and a two-hundred day moving average of $84.68. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.