Adtalem Global Education NYSE:ATGE Stock Report

Adtalem Global Education Inc.(NYSE:ATGE) dropped from Russell 2000 Value-Defensive Index

Independent Director recently bought US$317k worth of stock

On the 14th of June, William Krehbiel bought around 10k shares on-market at roughly US$31.67 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$2.8m more in shares than they have sold in the last 12 months.

Adtalem Global Education Appoints Liam Krehbiel to Its Board of Directors

Adtalem Global Education announced the appointment of William “Liam” Krehbiel as an independent member of board of directors, effective immediately. The Adtalem board comprises 12 directors, ten of whom are independent, six of whom are persons of color and four of whom are women. Adtalem’s board succession process includes regular evaluation of its board composition and regular board refreshment, and with Krehbiel’s appointment, five of its ten independent directors will have joined the Adtalem board since the beginning of 2020. Adtalem’s ongoing process to maintain a board with the optimal mix of skills, expertise and experience is critical to the delivery of long-term value for shareholders and the achievement of superior academic outcomes for students. Krehbiel, 46,is the Founder and Chief Executive Officer of Topography Hospitality, LLC. He is also the Co-managing partner of Ballyfin Demesne, a luxury hotel in Ireland, which opened in 2011. In 2010, Krehbiel founded A Better Chicago, a not-for-profit corporation and venture philanthropy fund, and currently serves as Chair of its Board. Focused on expanding access to quality education, A Better Chicago’s mission is to build a more equitable city for Chicago’s youth and future generations. Krehbiel served as the Chief Executive Officer of A Better Chicago from 2010 until May 2019. From 2007 to 2010, he was a management consultant at Bain and Company. Prior to joining Bain, he worked with the Edna McConnell Clark Foundation in New York. In addition to serving as the Chair of A Better Chicago, Krehbiel is a director of the Civic Consulting Alliance and a trustee of The Civic Federation. Krehbiel receiveda Master of Business Administration degree with a major in business administration and a double concentration in finance and marketing from Northwestern University’s Kellogg School of Management. He received his Bachelor of Arts degree from Dartmouth College.

Insider recently sold US$75k worth of stock

On the 20th of May, James Bartholomew sold around 2k shares on-market at roughly US$31.65 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$2.5m more than they sold in the last 12 months.