American Public Education (APEI) reported second-quarter 2026 revenue of $171.7 million, up 5.5% from $162.8 million a year earlier. Net income available to common stockholders was $9.8 million, compared with a loss of $0.3 million in the prior-year quarter.
The company said it completed the combination of American Public University System, Rasmussen University and Hondros College of Nursing into one Higher Learning Commission-accredited institution after quarter end. APEI also raised its full-year 2026 guidance for revenue, net income and adjusted EBITDA.
- Second-quarter diluted earnings per share were $0.52, compared with a loss of $0.02 a year earlier.
- Health+ revenue rose 11.0% year over year to $86.2 million, while Military+ revenue rose 4.7% to $85.5 million.
- Adjusted EBITDA was $20.7 million, up 36.8% from $15.1 million.
- Cash, cash equivalents, restricted cash and short-term investments totaled $222.8 million at June 30, 2026.
- Full-year 2026 revenue guidance was raised to $690.0 million to $698.0 million, with net income available to common stockholders expected at $46.5 million to $52.5 million.
$APEI Insider Trading Activity
$APEI insiders have traded $APEI stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $APEI stock by insiders over the last 6 months:
- CAPITAL LLC 325 has made 0 purchases and 8 sales selling 344,771 shares for an estimated $18,963,920.
- TANYA JOY AXENSON (SVP, Chief HR Officer) has made 0 purchases and 3 sales selling 20,000 shares for an estimated $1,113,576.
- NUNO S. FERNANDES (President, APUS) has made 0 purchases and 3 sales selling 12,100 shares for an estimated $649,647.
- THOMAS BECKETT (SVP, General Counsel) has made 0 purchases and 5 sales selling 12,000 shares for an estimated $637,559.
- KARMELA GAFFNEY (SVP, Chief Marketing Officer) sold 2,700 shares for an estimated $150,858
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$APEI Hedge Fund Activity
We have seen 105 institutional investors add shares of $APEI stock to their portfolio, and 76 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 781,971 shares (+12248.9%) to their portfolio in Q1 2026, for an estimated $44,478,510
- DIVISADERO STREET CAPITAL MANAGEMENT, LP removed 619,489 shares (-37.1%) from their portfolio in Q1 2026, for an estimated $35,236,534
- 325 CAPITAL LLC removed 344,771 shares (-22.6%) from their portfolio in Q1 2026, for an estimated $19,610,574
- BLACKROCK, INC. added 321,872 shares (+22.2%) to their portfolio in Q2 2026, for an estimated $17,284,526
- MORGAN STANLEY removed 292,156 shares (-72.0%) from their portfolio in Q1 2026, for an estimated $16,617,833
- JANE STREET GROUP, LLC added 261,485 shares (+inf%) to their portfolio in Q1 2026, for an estimated $14,873,266
- BASTION ASSET MANAGEMENT INC. removed 212,964 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $12,113,392
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
