Aspen Group, Inc. (NASDAQ:ASPU – Get Rating) Director Douglas Kass bought 50,000 shares of the firm's stock in a transaction dated Friday, September 23rd. The stock was purchased at an average cost of $0.43 per share, with a total value of $21,500.00. Following the transaction, the director now directly owns 173,000 shares in the company, valued at approximately $74,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Douglas Kass also recently made the following trade(s):

• On Monday, September 26th, Douglas Kass purchased 11,500 shares of Aspen Group stock. The stock was bought at an average price of $0.39 per share, for a total transaction of $4,485.00.

Aspen Group Stock Performance

Shares of Aspen Group stock traded down $0.05 during trading on Tuesday, reaching $0.33. 265,030 shares of the stock traded hands, compared to its average volume of 136,627. The business has a fifty day simple moving average of $0.87 and a two-hundred day simple moving average of $0.99. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.38. Aspen Group, Inc. has a 52-week low of $0.33 and a 52-week high of $6.04.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASPU. Long Focus Capital Management LLC acquired a new position in shares of Aspen Group in the fourth quarter worth about $2,186,000. Laidlaw Wealth Management LLC raised its position in shares of Aspen Group by 1.4% in the fourth quarter. Laidlaw Wealth Management LLC now owns 803,966 shares of the technology company's stock worth $1,897,000 after acquiring an additional 11,345 shares during the period. Potomac Capital Management Inc. raised its position in shares of Aspen Group by 18.5% in the first quarter. Potomac Capital Management Inc. now owns 233,000 shares of the technology company's stock worth $377,000 after acquiring an additional 36,300 shares during the period. Cruiser Capital Advisors LLC raised its position in shares of Aspen Group by 45.2% in the first quarter. Cruiser Capital Advisors LLC now owns 57,799 shares of the technology company's stock worth $94,000 after acquiring an additional 18,006 shares during the period. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of Aspen Group during the 1st quarter worth about $229,000. Institutional investors and hedge funds own 27.48% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on ASPU shares. Craig Hallum cut their price target on Aspen Group to $1.00 in a research note on Thursday, September 15th. Lake Street Capital downgraded Aspen Group from a "buy" rating to a "hold" rating in a research note on Wednesday, September 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $3.00.

Aspen Group Company Profile

(Get Rating)

Aspen Group, Inc, an education technology company, provides online higher education services in the United States. The company offers baccalaureate, master's, and doctoral degree programs in nursing and health sciences, business and technology, arts and sciences, and education fields through Aspen University and United States University.

Featured Stories

• Get a free copy of the StockNews.com research report on Aspen Group (ASPU)
• Build A Better Tech Portfolio With Jabil Inc.
• Is There Value In These Growth Stocks?
• Autodesk Is A Mature Company Still Acting Like A Growth Stock
• MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
• MO Money: Why Altria Group Stock is Rallying

Receive News & Ratings for Aspen Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aspen Group and related companies with MarketBeat.com's FREE daily email newsletter.