American Public Education Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:APEI Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 May 26	SellUS$240,030	Nuno Fernandes	Individual	4,500	US$53.34
20 Mar 26	SellUS$18,963,894	325 Capital, LLC	Company	344,771	US$57.34
20 Mar 26	SellUS$8,726,077	325 Capital, LLC	Company	160,512	US$55.55
19 Mar 26	SellUS$59,488	Nuno Fernandes	Individual	1,100	US$54.08
18 Mar 26	SellUS$10,237,844	325 Capital, LLC	Company	184,259	US$55.85
17 Mar 26	SellUS$150,859	Karmela Gaffney	Individual	2,700	US$55.87
16 Mar 26	SellUS$1,113,577	Tanya Axenson	Individual	20,000	US$56.90
16 Mar 26	SellUS$350,129	Nuno Fernandes	Individual	6,500	US$53.87

Insider Trading Volume

Insider Buying: APEI insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of APEI?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,004,272	4.79%
Hedge Funds	3,156,021	15%
Institutions	16,827,329	80.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.03% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.91%	BlackRock, Inc.	1,450,355	US$78.3m	-3.34%	no data
6.45%	325 Capital, LLC	1,183,732	US$63.9m	0%	47.56%
5.74%	Divisadero Street Capital Management, LP	1,052,069	US$56.8m	-37.1%	2.91%
5.02%	Renaissance Technologies LLC	920,220	US$49.7m	-4.43%	0.09%
4.36%	Dimensional Fund Advisors LP	799,175	US$43.1m	-5.68%	0.01%
4.3%	FMR LLC	788,121	US$42.5m	12,700%	no data
4.15%	Bank of America Corporation	761,601	US$41.1m	-0.14%	0.01%
3.82%	Vanguard Capital Management, LLC	701,018	US$37.8m	0%	no data
3.71%	Prescott Group Capital Management L.L.C.	679,749	US$36.7m	-20.7%	4.73%
3.59%	American Century Investment Management Inc	658,835	US$35.6m	4.04%	0.02%
3.53%	No Street GP LP	647,588	US$35.0m	-30%	3.52%
3.04%	Acadian Asset Management LLC	558,075	US$30.1m	-9.01%	0.04%
2.9%	Driehaus Capital Management LLC	532,295	US$28.7m	16%	0.2%
2.63%	Geode Capital Management, LLC	483,130	US$26.1m	11.8%	no data
2.6%	The Goldman Sachs Group, Inc.	476,571	US$25.7m	3.34%	0.01%
2.28%	Angela Selden	419,130	US$22.6m	34.5%	no data
2.1%	Arrowstreet Capital, Limited Partnership	384,931	US$20.8m	-3.02%	0.01%
1.95%	State Street Global Advisors, Inc.	357,946	US$19.3m	4.3%	no data
1.84%	Vanguard Portfolio Management, LLC	337,819	US$18.2m	0%	no data
1.78%	Royce & Associates, LP	326,443	US$17.6m	-8.95%	0.2%
1.43%	Jane Street Group, LLC	261,485	US$14.1m	0%	0.02%
1.33%	Systematic Financial Management LP	244,637	US$13.2m	-6.45%	0.32%
1.28%	UBS Asset Management AG	234,722	US$12.7m	-10.9%	no data
1.18%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	216,443	US$11.7m	541%	no data
1.11%	Qube Research & Technologies Ltd	203,353	US$11.0m	241%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/23 05:02
End of Day Share Price	2026/06/23 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

American Public Education, Inc. is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Argus Research Company
Jeffrey Meuler	Baird
Gary Bisbee	Barclays