Prescott Group Capital Mgmt. Reports 1.18M Shares in APEI
Ticker: APEI · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1201792
| Field | Detail |
|---|---|
| Company | American Public Education INC (APEI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G/A
TL;DR
**Prescott Group Capital Management still holds over 1.18 million shares of American Public Education.**
AI Summary
Prescott Group Capital Management, L.L.C. has filed an amended Schedule 13G/A for American Public Education, Inc., indicating a change in their beneficial ownership as of December 31, 2023. The filing shows Prescott Group Capital Management, L.L.C. now holds sole voting power over 1,184,568 shares of American Public Education, Inc. common stock. This matters to investors because it signals a significant institutional investor's continued, albeit potentially adjusted, interest in the company, which could influence market perception and stock price.
Why It Matters
This filing shows a major institutional investor's updated stake, which can signal confidence or a shift in strategy, potentially impacting the stock's perceived value.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a change in their reported holdings, not a new or inherently risky event.
Analyst Insight
An investor should note that a significant institutional holder, Prescott Group Capital Management, L.L.C., continues to hold over 1.18 million shares in American Public Education, Inc. This indicates continued institutional interest, but further analysis of the percentage of ownership and any previous filings would be needed to determine if this represents an increase or decrease in their overall stake and what that might imply for the stock.
Key Numbers
- 1,184,568 — Shares with Sole Voting Power (Represents the number of shares of American Public Education, Inc. common stock that Prescott Group Capital Management, L.L.C. can vote independently.)
- 02913V103 — CUSIP Number (Unique identifier for American Public Education, Inc.'s Common Stock, $0.01 par value per share, confirming the specific security.)
Key Players & Entities
- Prescott Group Capital Management, L.L.C. (company) — the reporting person and institutional investor
- American Public Education, Inc. (company) — the issuer of the securities
- 1,184,568 (dollar_amount) — number of shares with sole voting power
- December 31, 2023 (date) — date of the event requiring the filing
- Oklahoma (company) — place of organization for Prescott Group Capital Management, L.L.C.
Forward-Looking Statements
- Prescott Group Capital Management, L.L.C. will maintain a significant stake in American Public Education, Inc. for the foreseeable future. (Prescott Group Capital Management, L.L.C.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 1) to a Schedule 13G, filed by Prescott Group Capital Management, L.L.C., to update their beneficial ownership information in American Public Education, Inc. as of December 31, 2023, pursuant to Rule 13d-1(b) and (c).
Who is the reporting person in this filing?
The reporting person is Prescott Group Capital Management, L.L.C., whose place of organization is the State of Oklahoma, and their business address is 1924 South Utica Street, Suite 1120, Tulsa, OK 74104-6429.
What is the name of the issuer and the class of securities involved?
The issuer is American Public Education, Inc., and the class of securities is Common Stock, $0.01 par value per share, identified by CUSIP Number 02913V103.
How many shares does Prescott Group Capital Management, L.L.C. beneficially own with sole voting power?
As of December 31, 2023, Prescott Group Capital Management, L.L.C. beneficially owns 1,184,568 shares with sole voting power in American Public Education, Inc.
What date triggered the requirement for this filing?
The date of the event which requires the filing of this statement is December 31, 2023.
Filing Stats: 1,850 words · 7 min read · ~6 pages · Grade level 7.7 · Accepted 2024-01-31 11:46:20
Key Financial Figures
- $0.01 — , Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of
Filing Documents
- form_sc13ga-american.htm (SC 13G/A) — 138KB
- 0001011438-24-000033.txt ( ) — 140KB
(a)
Item 1(a) Name of Issuer. American Public Education, Inc. (the "Issuer")
(b)
Item 1(b) Address of Issuer's Principal Executive Offices. 111 West Congress Street Charles Town, West Virginia 25414
(a)
Item 2(a) Name of Person Filing. Prescott Group Capital Management, L.L.C. ("Prescott Capital"), Prescott Group Aggressive Small Cap, L.P. ("Prescott Small Cap"), Prescott Group Aggressive Small Cap II, L.P. ("Prescott Small Cap II" and, together with Prescott Small Cap, the "Small Cap Funds"), Prescott Group Aggressive Small Cap Master Fund, G.P. ("Master Fund") and Mr. Phil Frohlich.
(b)
Item 2(b) Address of Principal Business Office, or, if none, Residence. 1924 South Utica, Suite 1120 Tulsa, Oklahoma 74104
(c)
Item 2(c) Citizenship or Place of Organization. Prescott Capital is an Oklahoma limited liability company. The Small Cap Funds are Oklahoma limited partnerships. The Master Fund is an Oklahoma general partnership. Mr. Phil Frohlich is the principal of Prescott Capital and is a U.S. citizen.
(d)
Item 2(d) Title of Class of Securities. Common Stock, $0.01 par value per share (the "Common Stock").
(e)
Item 2(e) CUSIP Number. 02913V103 Item 3 Reporting Person. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____. Item 4 (a) Each of Prescott Capital, the Small Cap Funds, the Master Fund and Mr. Phil Frohlich are the beneficial owners of 1,184,568 shares of Common Stock as of December 31, 2023. (b) Each of Prescott Capital, the Small Cap Funds, the Master Fund and Mr. Phil Frohlich are the beneficial owners of 6.7% of the outstanding shares of Common Stock as of December 31, 2023. This percentage is determined by dividing 1,184,568 by 17,783,615, the number of shares of Common Stock outstanding as of November 3, 2023, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 7, 2023. (c) Prescott Capital, as the general partner and investment manager of