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In a recent series of transactions, Pedro del Coro, a director of Laureate Education, Inc. (NASDAQ:), sold a significant number of shares of the company. The sale will take place from November 2023 to March 2024, with a total value of more than $600,000.
On November 14, 2023, Del Coro sold 614 shares at a weighted average price of $13.377, with trades executed in multiple trades at prices ranging from $13.270 to $13.435. The next day, 14,634 shares were sold at his price of $12.70, and an additional 154 shares were disposed of at a weighted average price of $13.3108. Prices ranged from $13.150 to $13.480. On December 1, 2023, 6,830 shares were sold at a weighted average price of $13.05, with a trading range of $13.250 to $13.330.
The sale will continue through 2024, with a major transaction taking place on March 5th in which 23,258 shares were sold at a set price of $12.62 per share. The sale was part of a stock purchase agreement with the issuer, in which Del Coro and other investors sold their shares back to the company. On the same day, 1,086 and 1,085 shares were distributed to Mr. Del Coro and his spouse, respectively, for immediate sale under the same agreement. As indicated in the footnotes of the SEC filing, these shares previously belonged to del Coro indirectly through the Wengen Alberta Limited Partnership.
Total sales of non-derivative securities, excluding stock purchase agreement transactions, were $285,246, with prices ranging from $12.70 to $13.377. Including the stock purchase agreement labeled as an “S(6)” transaction, the total amount of stock sold by Del Coro amounted to $320,913, all at a price of $12.62.
Investors and market watchers often pay close attention to insider transactions because they can glean insight into a company's performance and management's confidence in the company's future. Laureate Education, Inc. is a network of higher education institutions, and such insider activity may impact market perception and stock price performance.
Investment Pro Insights
When analyzing Laureate Education, Inc. (NASDAQ:LAUR)'s recent insider transactions, investors may also consider the company's current financial and performance metrics provided by InvestingPro. Laureate Education's market capitalization is a healthy $2.15 billion, reflecting the company's large presence in the higher education space. The company's trailing price-to-earnings ratio (P/E), a key indicator of how much investors are willing to pay for each dollar of earnings, is 20.12 times. This becomes even more attractive when you factor in the trailing-12-month adjusted P/E ratio as of Q4 2023 (18.42x).
What stands out about InvestingPro Tips is the company's dividend yield, which is an exceptionally high 5.12%. This could be particularly attractive to income-focused investors, especially when combined with the fact that analysts expect the company to be profitable this year. Another thing to consider is that the company's short-term debt exceeds its current assets, so it may need to take a closer look at its liquidity management. However, the company's cash flow is strong enough to cover interest payments, and the company operates with a moderate level of debt, which may provide some reassurance regarding financial stability. There is.
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