Trust Point Inc. Makes New $1.63 Million Investment in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Trust Point Inc. acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,340 shares of the company's stock, valued at approximately $1,629,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth about $33,000. Cornerstone Planning Group LLC acquired a new stake in Grand Canyon Education during the 2nd quarter worth $33,000. CWM LLC lifted its holdings in shares of Grand Canyon Education by 98.4% during the 3rd quarter. CWM LLC now owns 373 shares of the company's stock valued at $44,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $56,000 after buying an additional 232 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in Grand Canyon Education by 4,480.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 458 shares of the company's stock worth $54,000 after purchasing an additional 448 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the sale, the chief technology officer now directly owns 25,674 shares in the company, valued at $3,405,656.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE traded down $2.16 during midday trading on Wednesday, reaching $133.32. The company's stock had a trading volume of 172,507 shares, compared to its average volume of 205,931. The company has a market cap of $4.00 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.20 and a beta of 0.59. The business's 50 day moving average price is $132.56 and its two-hundred day moving average price is $129.56. Grand Canyon Education, Inc. has a fifty-two week low of $99.65 and a fifty-two week high of $144.94.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.05. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The firm had revenue of $278.28 million during the quarter, compared to analysts' expectations of $275.00 million. Sell-side analysts forecast that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research increased their price target on Grand Canyon Education from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.