Boothbay Fund Management LLC Invests $215,000 in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Posted by Defense World Staff on Mar 6th, 2023

Boothbay Fund Management LLC bought a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,616 shares of the company’s stock, valued at approximately $215,000.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in Grand Canyon Education by 76.5% during the third quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock worth $26,000 after acquiring an additional 137 shares during the period. Bessemer Group Inc. raised its position in shares of Grand Canyon Education by 85.3% during the third quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock valued at $34,000 after buying an additional 191 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Grand Canyon Education by 143.5% in the third quarter. IFP Advisors Inc now owns 828 shares of the company’s stock valued at $93,000 after buying an additional 488 shares during the period. Van ECK Associates Corp acquired a new stake in Grand Canyon Education during the second quarter worth about $100,000. Finally, Covestor Ltd increased its stake in Grand Canyon Education by 66.6% during the first quarter. Covestor Ltd now owns 1,123 shares of the company’s stock valued at $109,000 after acquiring an additional 449 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education Stock Down 1.3 %

NASDAQ:LOPE opened at $113.76 on Monday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. The stock’s 50 day moving average price is $112.88 and its two-hundred day moving average price is $100.44. Grand Canyon Education, Inc. has a twelve month low of $78.37 and a twelve month high of $121.60.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.11. The business had revenue of $258.70 million during the quarter, compared to the consensus estimate of $256.17 million. Grand Canyon Education had a net margin of 20.26% and a return on equity of 30.24%. Grand Canyon Education’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. As a group, analysts anticipate that Grand Canyon Education, Inc. will post 6.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets raised their price objective on Grand Canyon Education from $125.00 to $126.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. TheStreet raised Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th. Finally, Barrington Research lifted their price objective on Grand Canyon Education from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, Director Sara R. Dial sold 1,614 shares of the firm’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $107.27, for a total transaction of $173,133.78. Following the completion of the sale, the director now owns 3,972 shares of the company’s stock, valued at approximately $426,076.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Grand Canyon Education Profile

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Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.