Gladstone Institutional Advisory LLC Takes Position in Adtalem Global Education Inc.

Gladstone Institutional Advisory LLC has made a significant move by purchasing a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the fourth quarter of the year. According to their latest Form 13F filing with the Securities and Exchange Commission, the advisory firm acquired 5,683 shares of Adtalem, which are valued at around $516,000.

Institutional Investor Activity

In addition to Gladstone's investment, other institutional investors have also adjusted their holdings in Adtalem Global Education. Assenagon Asset Management S.A. notably increased its stake by 511.9% during the third quarter, now owning 78,828 shares valued at $5,950,000 after buying an additional 65,945 shares. Another firm, Edgestream Partners L.P., initiated a new stake worth approximately $2,314,000 in the same quarter. Furthermore, Calamos Advisors LLC acquired a stake in the fourth quarter valued at about $2,530,000. State Street Corp raised its holdings slightly by 1.6%, now owning 1,525,748 shares worth $115,163,000 after adding 23,464 shares. Peregrine Asset Advisers Inc. also increased its position by 33.5% during the third quarter, now holding 85,123 shares valued at $6,425,000. Altogether, institutional and hedge funds account for a staggering 98.84% of Adtalem’s stock.

Insider Transactions

In insider trading news, Director Donna J. Hrinak sold 4,685 shares of Adtalem on February 6, at an average price of $108.68, totaling approximately $509,165.80. Post-sale, her direct ownership in the company decreased to 12,844 shares valued at about $1,395,885.92, representing a 26.73% drop in her position. Similarly, Director William W. Burke sold 4,000 shares on November 29 for an average price of $90.39, raising $361,560 and resulting in an ownership of 11,659 shares worth $1,053,857.01. Insider trades have seen a total of 12,185 shares sold during the last ninety days, with insiders owning about 2.00% of the company's stock.

Analyst Opinions

Analysts have recently made adjustments to their ratings for Adtalem Global Education shares. StockNews.com downgraded their evaluation from "strong-buy" to "buy" on October 31. BMO Capital Markets raised their price target for the stock from $108.00 to $115.00, rating it as "outperform". In contrast, Barrington Research lifted their target from $115.00 to $120.00, also classifying the stock as "outperform" in late January.

Stock Performance and Financials

As of Friday, ATGE opened at $103.44. The firm has a current ratio and quick ratio both sitting at 1.06, and a debt-to-equity ratio of 0.45. Its 50-day moving average is $96.37, contrasted with a 200-day moving average of $84.41. With a market capitalization of $3.85 billion, Adtalem has a price-to-earnings ratio of 19.26 and a price-to-earnings-growth ratio of 1.17, along with a beta of 0.97. Over the past year, the stock has reached a low of $45.16 and a high of $112.43. Adtalem's latest quarterly earnings released on January 30 showed earnings per share of $1.81, surpassing the consensus estimate of $1.39 by $0.42. The company has reported a net margin of 12.34% and a return on equity of 16.82%. Predictions indicate that Adtalem is expected to achieve an EPS of 6.2 for the current fiscal year.

About Adtalem Global Education

Adtalem Global Education Inc. specializes in providing workforce solutions globally. It operates through three primary segments: Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment, for instance, offers both degree and non-degree programs within the nursing and health professions education sector, and includes operations of Chamberlain University.

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