In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Aspen Group Inc. (OTCBB:ASPU) reported that Mathews Michael has picked up 748,318 of common stock as of 2017-04-20.
The acquisition brings the aggregate amount owned by Mathews Michael to a total of 748,318 representing less than 5.4% stake in the company.
For those not familiar with the company, Aspen Group, Inc. is a holding company. The Company’s subsidiary, Aspen University Inc. (Aspen), is dedicated to provide the education experiences taught by professors. Aspen offers approximately two monthly payment programs, a monthly payment plan in which students make payments every month over a fixed period (36, 39 or 72 months depending on the degree program) and a monthly installment plan in which students pay over three monthly installments (day 1, day 31 and day 61 after the start of each course). As of June 30, 2016, Aspen had 2,074 students paying tuition through either of the monthly payment methods. It offers certificate programs and associate, bachelor’s, master’s and doctoral degree programs in a range of areas, including nursing, business, education and professional studies. It offers a range of nursing degrees, including Master of Science in Nursing, Master of Science in Nursing-Nursing Education and Master of Science in Nursing-Nursing Administration and Management.
A glance at Aspen Group Inc. (OTCBB:ASPU)’s key stats reveals a current market capitalization of 74.32 Million based on 13.52 Million shares outstanding and a price at last close of $4.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-07-29 Solomon picked up 50,000 at a purchase price of $0.15. This brings their total holding to 180,000 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Aspen Group Inc. (OTCBB:ASPU) as things move forward to see if its progress aligns with these transactions.
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