AMERICAN PUBLIC EDUCATION INC
APEI · Services-Educational Services · 18.3M shares · +3%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $3M (gross $11M, SBC $8M)
Reference price $54.00 · est. market cap ~$991M — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76gen composite 65pct→76
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $174M cash & investments
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, FMR LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
54.2%
Operating margin
7.4%
Net margin
4.9%
Return on equity
10.7%
Return on assets
6.1%
ROIC
9.7%
Revenue growth (QoQ)
6.2%
Net-income growth
95.8%
Debt / equity
0.3×
Net debt / EBITDA
-1.2×
Current ratio
3.5×
Free cash flow
$46M
EBITDA
$64M
Tangible book value
$207M
Cash & investments
$174M
Stock comp / revenue
1.3%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Angela K. Selden | President and CEO | $5M FY2025 |
| Axenson Tanya Joy | SVP, Chief HR Officer | — |
| Edward H. Codispoti. | Chief Financial Officer | $482K FY2025 |
| Gaffney Karmela | SVP, Chief Marketing Officer | — |
| Mark L. Arnold | Rasmussen University | $1M FY2025 |
| Nuno S. Fernandes | American Public University System | $1M FY2025 |
| Richard W. Sunderland | Jr. Former Executive Vice President, Chief Financial Officer | $1M FY2025 |
| Thomas A. Beckett | SVP, General Counsel | $1M FY2025 |
| James Kenigsberg | Director | $201K FY2025 |
| 325 CAPITAL LLC | Director | — |
| Anna M. Fabrega | Director | $197K FY2025 |
| Daniel S. Pianko | Director | $297K FY2025 |
| Eric C. Andersen | Director | $52K FY2025 |
| Granetta B. Blevins | Director | $212K FY2025 |
| Michael D. Braner | Director | $190K FY2025 |
| Richard J. Statuto | Director | $202K FY2025 |
| William G. Robinson | Director | $62K FY2025 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-07-01 | Pianko Daniel S. | Grant | 1.1K | $36.15 |
| 2026-06-22 | Beckett Thomas | Sell | 2.0K | $54.00 |
| 2026-06-15 | Beckett Thomas | Sell | 5.2K | $51.39 |
| 2026-06-15 | Beckett Thomas | Sell | 200 | $53.01 |
| 2026-06-15 | Beckett Thomas | Sell | 2.6K | $52.44 |
| 2026-05-22 | Statuto Richard J. | Grant | 2.1K | — |
| 2026-05-22 | Blevins Granetta B. | Grant | 2.1K | — |
| 2026-05-22 | Pianko Daniel S. | Grant | 2.1K | — |
| 2026-05-22 | Fabrega Anna M. | Grant | 2.1K | — |
| 2026-05-22 | Braner Michael David | Grant | 2.1K | — |
| 2026-05-22 | Kenigsberg James | Tax withheld | 1.3K | $51.50 |
| 2026-05-13 | Fernandes Nuno S. | Sell | 4.5K | $53.34 |
| 2026-04-01 | Pianko Daniel S. | Grant | 1.1K | $36.15 |
| 2026-03-20 | 325 CAPITAL LLC | Sell | 2.9K | $54.60 |
| 2026-03-20 | 325 CAPITAL LLC | Sell | 62K | $53.74 |
| 2026-03-19 | 325 CAPITAL LLC | Sell | 80K | $54.79 |
| 2026-03-19 | 325 CAPITAL LLC | Sell | 10K | $54.20 |
| 2026-03-19 | 325 CAPITAL LLC | Sell | 4.7K | $55.55 |
| 2026-03-19 | Fernandes Nuno S. | Sell | 1.1K | $54.08 |
| 2026-03-18 | 325 CAPITAL LLC | Sell | 64K | $55.41 |
| 2026-03-17 | 325 CAPITAL LLC | Sell | 59K | $55.85 |
| 2026-03-17 | Gaffney Karmela | Sell | 2.7K | $55.87 |
| 2026-03-16 | Fernandes Nuno S. | Sell | 6.5K | $53.87 |
| 2026-03-16 | Axenson Tanya Joy | Sell | 11K | $55.20 |
| 2026-03-16 | Axenson Tanya Joy | Sell | 8.8K | $56.18 |
| 2026-03-16 | Axenson Tanya Joy | Sell | 566 | $56.90 |
| 2026-03-16 | 325 CAPITAL LLC | Sell | 62K | $55.45 |
| 2026-03-16 | Beckett Thomas | Sell | 2.0K | $57.70 |
| 2026-03-10 | Axenson Tanya Joy | Tax withheld | 1.7K | $45.51 |
| 2026-03-10 | Gaffney Karmela | Grant | 14K | — |
| 2026-03-10 | Gaffney Karmela | Tax withheld | 1.5K | $45.51 |
| 2026-03-10 | Fernandes Nuno S. | Grant | 14K | — |
| 2026-03-10 | Fernandes Nuno S. | Tax withheld | 1.8K | $45.51 |
| 2026-03-10 | Beckett Thomas | Grant | 14K | — |
| 2026-03-10 | Beckett Thomas | Tax withheld | 2.2K | $45.51 |
| 2026-03-10 | Axenson Tanya Joy | Grant | 14K | — |
| 2026-03-10 | Arnold Mark L. | Grant | 10K | — |
| 2026-03-10 | Arnold Mark L. | Tax withheld | 1.1K | $45.51 |
| 2026-03-10 | Selden Angela K. | Grant | 98K | — |
| 2026-03-10 | Selden Angela K. | Tax withheld | 13K | $45.51 |
| 2026-02-09 | Fernandes Nuno S. | Tax withheld | 1.7K | $44.15 |
| 2026-02-09 | Fernandes Nuno S. | Tax withheld | 2.0K | $44.15 |
| 2026-02-09 | Beckett Thomas | Tax withheld | 1.5K | $44.15 |
| 2026-02-09 | Beckett Thomas | Tax withheld | 1.9K | $44.15 |
| 2026-02-09 | Axenson Tanya Joy | Tax withheld | 948 | $44.15 |
| 2026-02-09 | Axenson Tanya Joy | Tax withheld | 1.2K | $44.15 |
| 2026-02-09 | Selden Angela K. | Tax withheld | 12K | $44.15 |
| 2026-02-09 | Selden Angela K. | Tax withheld | 14K | $44.15 |
| 2026-02-02 | Arnold Mark L. | Grant | 4.6K | — |
| 2026-02-02 | Selden Angela K. | Grant | 45K | — |
| 2026-02-02 | Gaffney Karmela | Grant | 5.3K | — |
| 2026-02-02 | Fernandes Nuno S. | Grant | 7.3K | — |
| 2026-02-02 | Beckett Thomas | Grant | 5.3K | — |
| 2026-02-02 | Axenson Tanya Joy | Grant | 4.6K | — |
| 2026-01-31 | Gaffney Karmela | Tax withheld | 838 | $42.30 |
| 2026-01-31 | Axenson Tanya Joy | Tax withheld | 1.5K | $42.30 |
| 2026-01-31 | Beckett Thomas | Tax withheld | 2.2K | $42.30 |
| 2026-01-31 | Beckett Thomas | Tax withheld | 3.2K | $42.30 |
| 2026-01-31 | Selden Angela K. | Tax withheld | 8.0K | $42.30 |
| 2026-01-31 | Selden Angela K. | Tax withheld | 12K | $42.30 |
| 2026-01-31 | Axenson Tanya Joy | Tax withheld | 1.0K | $42.30 |
| 2026-01-31 | Gaffney Karmela | Tax withheld | 1.2K | $42.30 |
| 2026-01-31 | Fernandes Nuno S. | Tax withheld | 2.3K | $42.30 |
| 2026-01-31 | Fernandes Nuno S. | Tax withheld | 3.3K | $42.30 |
| 2026-01-30 | Fernandes Nuno S. | Tax withheld | 1.5K | $41.78 |
| 2026-01-30 | Gaffney Karmela | Tax withheld | 1.2K | $41.78 |
| 2026-01-30 | Arnold Mark L. | Tax withheld | 903 | $41.78 |
| 2026-01-30 | Selden Angela K. | Tax withheld | 6.0K | $41.78 |
| 2026-01-30 | Beckett Thomas | Tax withheld | 1.7K | $41.78 |
| 2026-01-30 | Axenson Tanya Joy | Tax withheld | 1.2K | $41.78 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-26 | 2026-05-22 | 0001104659-26-066248 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001201792-26-000008 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001104659-26-058617 ↗ |
| DEF 14A | 2026-04-09 | 2026-05-22 | 0001140361-26-013996 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0001104659-26-027043 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001201792-26-000004 ↗ |
| 8-K/A | 2025-11-12 | 2025-11-10 | 0001104659-25-109894 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001104659-25-109265 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001201792-25-000020 ↗ |
| 8-K | 2025-10-20 | 2025-10-20 | 0001104659-25-100637 ↗ |
| 8-K | 2025-10-14 | 2025-10-14 | 0001104659-25-099257 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001201792-25-000016 ↗ |