American Public Education Boosts Share Buyback Plan By $8M

  • American Public Education Inc APEI board of directors authorized the company to repurchase up to an additional $8.0 million of shares under the existing program.
  • The board has also confirmed that the company continued to have availability under its existing share repurchase program.
  • The company intends to pursue opportunities to use this program to repurchase additional shares. 
  • The repurchases may be made in open market transactions or privately negotiated transactions. 
  • American Public reported a 1% decline in its fourth-quarter FY22 sales to $152.4 million.
  • As of Dec. 31, 2022, total unrestricted cash and cash equivalents were approximately $102.6 million.
  • Price Action: APEI shares closed lower by 2.41% at $4.45 on Thursday.
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