APEINasdaqServices-Educational ServicesFiscal year ends December 31
AMERICAN PUBLIC EDUCATION INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$49.35+0.16 (+0.33%)
Close on Oct 19, 2026
- Market cap
- $928.27M
- P/E (TTM)
- 20.3
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
20M of 18M shares
Institutional holders
209
38 new, 29 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 24 sales
Net sold $22.52M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Renaissance Technologies LLC | 968,122 | 5.47% | 13G (passive) | Feb 22, 2024 |
| Braner Michael David | 2,159,299 | 12.00% | 13D (active) amendment | May 27, 2025 |
| Divisadero Street Capital Management, LP | 1,671,558 | 9.20% | 13G (passive) amendment | Dec 31, 2025 |
| Shrivastava Anil K | 1,551,748 | 8.60% | 13D (active) amendment | Jun 2, 2025 |
| BlackRock, Inc. | 1,452,706 | 7.90% | 13G (passive) amendment | Jun 30, 2026 |
| Divisadero Street Partners GP, LLC | 1,321,951 | 7.30% | 13G (passive) | Oct 29, 2025 |
| Friedberg Daniel M. | 1,206,977 | 6.60% | 13D (active) amendment | Mar 18, 2026 |
| Abigail P. Johnson | 1,183,609 | 6.50% | 13G (passive) | Jun 30, 2026 |
| Redwood Capital Management LLC | 1,127,255 | 6.20% | 13G (passive) amendment | Mar 31, 2025 |
| Divisadero Street Partners, L.P. | 1,052,069 | 5.70% | 13G (passive) amendment | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of APEI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 1,772,227 | 9.68% | $95.17M | +321,872 | 0.00% |
| 325 Capital LLC | 1,183,732 | 6.47% | $63.57M | – | 15.15% |
| FMR LLC | 1,183,609 | 6.47% | $63.56M | +395,254 | 0.00% |
| Divisadero Street Capital Management, LP | 1,169,356 | 6.39% | $62.79M | +117,287 | 1.42% |
| Renaissance Technologies LLC | 910,620 | 4.98% | $48.90M | −9,600 | 0.07% |
| Vanguard Capital Management LLC | 718,498 | 3.93% | $38.58M | +17,480 | 0.00% |
| Dimensional Fund Advisors LP | 702,127 | 3.84% | $37.70M | −97,048 | 0.01% |
| American Century Companies Inc | 694,506 | 3.79% | $37.29M | +35,671 | 0.02% |
| Prescott Group Capital Management, L.L.C. | 679,749 | 3.71% | $36.50M | – | 3.16% |
| Acadian Asset Management LLC | 542,407 | 2.96% | $29.11K | −15,668 | 0.03% |
| Driehaus Capital Management LLC | 534,665 | 2.92% | $28.71M | +2,370 | 0.17% |
| Geode Capital Management, LLC | 522,388 | 2.85% | $28.06M | +39,258 | 0.00% |
| No Street GP LP | 507,283 | 2.77% | $27.24M | −140,305 | 1.64% |
| Bank Of America Corp /De/ | 455,165 | 2.49% | $24.44M | −306,436 | 0.00% |
| Vanguard Portfolio Management LLC | 412,763 | 2.26% | $22.17M | +74,944 | 0.00% |
| Qube Research & Technologies Ltd | 400,984 | 2.19% | $21.53M | +197,631 | 0.02% |
| State Street Corp | 395,429 | 2.16% | $21.23M | +37,483 | 0.00% |
| Royce & Associates LP | 378,133 | 2.07% | $20.31M | +51,690 | 0.16% |
| Goldman Sachs Group Inc | 369,274 | 2.02% | $19.83M | −251,207 | 0.00% |
| Assenagon Asset Management S.A. | 362,868 | 1.98% | $19.49M | +185,559 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 209 | 20M | 100.0% | 38 / 80 | 61 / 29 | 3M | 3M |
| Q1 2026 | 205 | 20M | 100.0% | 56 / 57 | 69 / 18 | 5M | 4M |
| Q4 2025 | 170 | 20M | 100.0% | 24 / 62 | 53 / 12 | 3M | 2M |
| Q3 2025 | 160 | 19M | 100.0% | 38 / 52 | 48 / 15 | 3M | 2M |
| Q2 2025 | 137 | 18M | 100.0% | 34 / 57 | 30 / 11 | 3M | 2M |
| Q1 2025 | 116 | 18M | 96.6% | 14 / 41 | 39 / 7 | 1M | 1M |
| Q4 2024 | 110 | 17M | 94.4% | 23 / 39 | 30 / 19 | 2M | 1M |
| Q3 2024 | 106 | 16M | 89.4% | 26 / 38 | 29 / 20 | 4M | 2M |
| Q2 2024 | 101 | 16M | 86.3% | 26 / 33 | 35 / 21 | 3M | 3M |
| Q1 2024 | 96 | 16M | 85.5% | 27 / 31 | 28 / 9 | 3M | 1M |
| Q4 2023 | 78 | 14M | 76.6% | 18 / 20 | 28 / 8 | 1M | 1M |
| Q3 2023 | 68 | 14M | 75.1% | 6 / 18 | 34 / 15 | 0M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of APEI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Fidelity Small Cap Value Fund | 1,089,744 | 5.95% | $52.86M | 0.97% | Jul 31, 2026 |
| Avantis U.S. Small Cap Value ETF | 547,389 | 2.99% | $27.08M | 0.10% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 491,008 | 2.68% | $26.37M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 474,930 | 2.60% | $25.50M | 0.03% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 211,547 | 1.16% | $11.36M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 195,236 | 1.07% | $9.47M | 0.03% | Jul 31, 2026 |
| Royce Small-Cap Opportunity Fund | 177,617 | 0.97% | $9.54M | 0.68% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 168,420 | 0.92% | $9.04M | 0.06% | Jun 30, 2026 |
| Oberweis Micro-Cap Fund | 166,500 | 0.91% | $8.94M | 0.55% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 106,025 | 0.58% | $5.14M | 0.03% | Jul 31, 2026 |
| Adara Smaller Companies Fund | 97,944 | 0.54% | $4.85M | 0.59% | May 31, 2026 |
| Vanguard Explorer Fund | 95,558 | 0.52% | $4.64M | 0.02% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 93,530 | 0.51% | $4.63M | 0.01% | May 31, 2026 |
| Nuveen Quant Small Cap Equity Fund | 92,450 | 0.51% | $4.48M | 0.11% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 89,425 | 0.49% | $4.42M | 0.03% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Angela K. Selden | President and CEO, Director | 639,709 | 3.50% | Mar 12, 2026 |
| Nuno S. Fernandes | President, APUS | 87,375 | 0.48% | Aug 13, 2026 |
| James Kenigsberg | Chief Inno & Tech Officer | 44,729 | 0.24% | Aug 13, 2026 |
| Thomas Beckett | SVP, General Counsel | 52,172 | 0.29% | Jun 23, 2026 |
| Karmela Gaffney | SVP, Chief Marketing Officer | 40,527 | 0.22% | Mar 19, 2026 |
| Tanya Joy Axenson | SVP, Chief HR Officer | 50,483 | 0.28% | Mar 17, 2026 |
| Mark L. Arnold | President, Rasmussen | 21,743 | 0.12% | Mar 12, 2026 |
| Edward H. Codispoti | EVP & Chief Financial Officer | 8,477 | 0.05% | Oct 21, 2025 |
| Richard W. Sunderland Jr | EVP, Chief Financial Officer | 159,559 | 0.87% | Jun 3, 2025 |
| Craig S. MacGibbon | EVP, Chief Information Officer | 67,379 | 0.37% | Mar 14, 2025 |
| Harry T. Wilkins | CEO Hondros College of Nursing | 49,984 | 0.27% | Mar 5, 2025 |
| Daniel S. Pianko | Director | 35,546 | 0.19% | Jul 2, 2026 |
| Michael David Braner | Director | 1,209,112 | 6.61% | May 27, 2026 |
| Richard J. Statuto | Director | 6,775 | 0.04% | May 26, 2026 |
| Granetta B. Blevins | Director | 60,080 | 0.33% | May 26, 2026 |
| Anna M. Fabrega | Director | 33,431 | 0.18% | May 26, 2026 |
| Eric C. Andersen | Director | 66,920 | 0.37% | Apr 1, 2025 |
| Daniel M. Friedberg | – | 2,198,897 | 12.01% | May 27, 2026 |
| Capital Master Fund LP 325 | – | 2,293,353 | 12.53% | May 27, 2026 |
| Anil K. Shrivastava | – | 1,445,248 | 7.90% | May 27, 2026 |
| Capital Llc 325 | – | 1,206,977 | 6.59% | May 27, 2026 |
| 325 Capital GP, LLC | – | 2,213,290 | 12.09% | May 27, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| James Kenigsberg Chief Inno & Tech Officer | Aug 12, 2026 | Sale(10b5-1 plan) | −1,313 | $45.72 | $60.03K | 44,729 |
| Nuno S. Fernandes President, APUS | Aug 12, 2026 | Option exercise | +8,800 | $10.66 | $93.81K | 87,375 |
| Nuno S. Fernandes President, APUS | Aug 12, 2026 | Sale | −8,800 | $45.13 | $397.14K | 78,575 |
| James Kenigsberg Chief Inno & Tech Officer | Aug 4, 2026 | Tax withholding | −2,133 | $53.42 | $113.94K | 46,042 |
| James Kenigsberg Chief Inno & Tech Officer | Aug 3, 2026 | Award | +7,573 | – | – | 48,175 |
| Daniel S. Pianko Director | Jul 1, 2026 | Award | +1,107 | $36.15 | $40.02K | 35,546 |
| Thomas Beckett SVP, General Counsel | Jun 22, 2026 | Sale(10b5-1 plan) | −2,000 | $54.00 | $108.00K | 52,172 |
| Thomas Beckett SVP, General Counsel | Jun 15, 2026 | Sale(10b5-1 plan) | −200 | $53.01 | $10.60K | 54,172 |
| Thomas Beckett SVP, General Counsel | Jun 15, 2026 | Sale(10b5-1 plan) | −5,213 | $51.39 | $267.90K | 56,959 |
| Thomas Beckett SVP, General Counsel | Jun 15, 2026 | Sale(10b5-1 plan) | −2,587 | $52.44 | $135.66K | 54,372 |
| Michael David Braner Director | May 22, 2026 | Award | +2,135 | – | – | 25,380 |
| Anna M. Fabrega Director | May 22, 2026 | Award | +2,135 | – | – | 33,431 |
| James Kenigsberg Int Chief Inno & Tech Officer | May 22, 2026 | Tax withholding | −1,286 | $51.50 | $66.23K | 40,602 |
| Granetta B. Blevins Director | May 22, 2026 | Award | +2,135 | – | – | 60,080 |
| Daniel S. Pianko Director | May 22, 2026 | Award | +2,135 | – | – | 34,439 |
| Richard J. Statuto Director | May 22, 2026 | Award | +2,135 | – | – | 6,775 |
| Nuno S. Fernandes President, APUS | May 13, 2026 | Sale | −4,500 | $53.34 | $240.03K | 78,575 |
| Daniel S. Pianko Director | Apr 1, 2026 | Award | +1,107 | $36.15 | $40.02K | 32,304 |
| Capital Llc 325 – | Mar 20, 2026 | Sale | −2,900 | $54.60 | $158.34K | 836,234 |
| Capital Llc 325 – | Mar 20, 2026 | Sale | −62,100 | $53.74 | $3.34M | 839,134 |
| Capital Llc 325 – | Mar 19, 2026 | Sale | −10,477 | $54.20 | $567.85K | 986,269 |
| Capital Llc 325 – | Mar 19, 2026 | Sale | −4,702 | $55.55 | $261.20K | 901,234 |
| Capital Llc 325 – | Mar 19, 2026 | Sale | −80,333 | $54.79 | $4.40M | 905,936 |
| Nuno S. Fernandes President, APUS | Mar 19, 2026 | Sale | −1,100 | $54.08 | $59.49K | 83,075 |
| Capital Llc 325 – | Mar 18, 2026 | Sale | −63,500 | $55.41 | $3.52M | 996,746 |
| Karmela Gaffney SVP, Chief Marketing Officer | Mar 17, 2026 | Sale | −2,700 | $55.87 | $150.85K | 40,527 |
| Capital Llc 325 – | Mar 17, 2026 | Sale | −58,797 | $55.85 | $3.28M | 1,060,246 |
| Capital Llc 325 – | Mar 16, 2026 | Sale | −61,962 | $55.45 | $3.44M | 1,119,043 |
| Nuno S. Fernandes President, APUS | Mar 16, 2026 | Sale | −6,500 | $53.87 | $350.16K | 84,175 |
| Thomas Beckett SVP, General Counsel | Mar 16, 2026 | Sale(10b5-1 plan) | −2,000 | $57.70 | $115.40K | 62,172 |
| Tanya Joy Axenson SVP, Chief HR Officer | Mar 16, 2026 | Sale | −8,817 | $56.18 | $495.34K | 50,483 |
| Tanya Joy Axenson SVP, Chief HR Officer | Mar 16, 2026 | Sale | −566 | $56.90 | $32.21K | 49,917 |
| Tanya Joy Axenson SVP, Chief HR Officer | Mar 16, 2026 | Sale | −10,617 | $55.20 | $586.06K | 59,300 |
| Thomas Beckett SVP, General Counsel | Mar 10, 2026 | Award | +14,425 | – | – | 66,341 |
| Thomas Beckett SVP, General Counsel | Mar 10, 2026 | Tax withholding | −2,169 | $45.51 | $98.71K | 64,172 |
| Mark L. Arnold President, Rasmussen | Mar 10, 2026 | Award | +10,492 | – | – | 21,743 |
| Mark L. Arnold President, Rasmussen | Mar 10, 2026 | Tax withholding | −1,067 | $45.51 | $48.56K | 20,676 |
| Angela K. Selden President and CEO, Director | Mar 10, 2026 | Award | +98,352 | – | – | 639,709 |
| Angela K. Selden President and CEO, Director | Mar 10, 2026 | Tax withholding | −12,901 | $45.51 | $587.12K | 626,808 |
| Tanya Joy Axenson SVP, Chief HR Officer | Mar 10, 2026 | Tax withholding | −1,729 | $45.51 | $78.69K | 69,917 |
| Tanya Joy Axenson SVP, Chief HR Officer | Mar 10, 2026 | Award | +14,425 | – | – | 71,646 |
| Nuno S. Fernandes President, APUS | Mar 10, 2026 | Award | +13,770 | – | – | 92,482 |
| Nuno S. Fernandes President, APUS | Mar 10, 2026 | Tax withholding | −1,807 | $45.51 | $82.24K | 90,675 |
| Karmela Gaffney SVP, Chief Marketing Officer | Mar 10, 2026 | Tax withholding | −1,469 | $45.51 | $66.85K | 43,227 |
| Karmela Gaffney SVP, Chief Marketing Officer | Mar 10, 2026 | Award | +14,425 | – | – | 44,696 |
| Angela K. Selden President and CEO, Director | Feb 9, 2026 | Tax withholding | −11,551 | $44.15 | $509.98K | 555,581 |
| Angela K. Selden President and CEO, Director | Feb 9, 2026 | Tax withholding | −14,224 | $44.15 | $627.99K | 541,357 |
| Thomas Beckett SVP, General Counsel | Feb 9, 2026 | Tax withholding | −1,892 | $44.15 | $83.53K | 51,916 |
| Thomas Beckett SVP, General Counsel | Feb 9, 2026 | Tax withholding | −1,537 | $44.15 | $67.86K | 53,808 |
| Tanya Joy Axenson SVP, Chief HR Officer | Feb 9, 2026 | Tax withholding | −1,166 | $44.15 | $51.48K | 57,221 |
| Tanya Joy Axenson SVP, Chief HR Officer | Feb 9, 2026 | Tax withholding | −948 | $44.15 | $41.85K | 58,387 |
| Nuno S. Fernandes President, APUS | Feb 9, 2026 | Tax withholding | −1,651 | $44.15 | $72.89K | 80,745 |
| Nuno S. Fernandes President, APUS | Feb 9, 2026 | Tax withholding | −2,033 | $44.15 | $89.76K | 78,712 |
| Tanya Joy Axenson SVP, Chief HR Officer | Feb 2, 2026 | Award | +4,617 | – | – | 59,335 |
| Mark L. Arnold President, Rasmussen | Feb 2, 2026 | Award | +4,617 | – | – | 11,251 |
| Nuno S. Fernandes President, APUS | Feb 2, 2026 | Award | +7,256 | – | – | 82,396 |
| Thomas Beckett SVP, General Counsel | Feb 2, 2026 | Award | +5,277 | – | – | 55,345 |
| Angela K. Selden President and CEO, Director | Feb 2, 2026 | Award | +44,855 | – | – | 567,132 |
| Karmela Gaffney SVP, Chief Marketing Officer | Feb 2, 2026 | Award | +5,277 | – | – | 30,271 |
| Tanya Joy Axenson SVP, Chief HR Officer | Jan 31, 2026 | Tax withholding | −1,460 | $42.30 | $61.76K | 54,718 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Nuno S. Fernandes Officer | Aug 12, 2026 | 8,800 | $405.33K | Aug 12, 2026 | Stock Option Exercise |
| James Kenigsberg Officer | Aug 12, 2026 | 1,313 | $60.03K | Aug 12, 2026 | Restricted Stock Vesting |
| Thomas Beckett Officer | Jun 22, 2026 | 2,000 | $108.00K | Jun 22, 2026 | Restricted Stock Vesting |
| Thomas Beckett Officer | Jun 15, 2026 | 8,000 | $414.16K | Jun 15, 2026 | Restricted Stock Vesting |
| Nuno S. Fernandes Officer | May 13, 2026 | 4,500 | $240.03K | May 13, 2026 | Restricted Stock Vesting |
| Nuno S. Fernandes Officer | Mar 19, 2026 | 1,100 | $59.49K | Mar 19, 2026 | Restricted Stock Vesting |
| Karmela Gaffney Officer | Mar 17, 2026 | 2,700 | $150.86K | Mar 17, 2026 | Restricted Stock Vesting |
| Capital Llc 325 Director | Mar 17, 2026 | 215,000 | $12.04M | Mar 16, 2026 | Open market purchases |
| Tanya Joy Axenson Officer | Mar 16, 2026 | 20,000 | $1.11M | Mar 16, 2026 | Restricted Stock Vesting |
| Nuno S. Fernandes Officer | Mar 16, 2026 | 6,500 | $350.13K | Mar 16, 2026 | Restricted Stock Vesting |
| Thomas Beckett Officer | Mar 16, 2026 | 2,000 | $115.40K | Mar 16, 2026 | Restricted Stock Vesting |
| Harry T. Wilkins Former Officer | Jan 6, 2026 | 5,760 | $219.05K | Jan 6, 2026 | Restricted Stock Vesting |
| Harry T. Wilkins Former Officer | Dec 19, 2025 | 24,734 | $952.26K | Dec 19, 2025 | Option Granted - 07/12/2021 |
| Harry T. Wilkins Former Officer | Dec 18, 2025 | 233 | $8.97K | Dec 18, 2025 | Option Granted - 07/12/2021 |
| Richard W. Sunderland Jr Former Officer | Nov 25, 2025 | 9,840 | $344.26K | Nov 25, 2025 | Restricted Stock Vesting |