In a recent series of transactions, Pedro del Corro, a director at Laureate Education, Inc. (NASDAQ:LAUR), sold a significant number of shares in the company. The sales, which took place between November 2023 and March 2024, amounted to a total value of over $600,000.
On November 14, 2023, del Corro sold 614 shares at a weighted average price of $13.377, with the transaction executed in multiple trades with prices ranging from $13.270 to $13.435. The following day, 14,634 shares were sold at a price of $12.70, and an additional 154 shares were disposed of at a weighted average price of $13.3108, with the prices ranging from $13.150 to $13.480. On December 1, 2023, 6,830 shares were sold at a weighted average price of $13.05, with trades ranging from $13.250 to $13.330.
The selling continued into 2024, with a significant transaction on March 5 where 23,258 shares were sold at a set price of $12.62 per share. This sale was part of a Stock Purchase Agreement with the Issuer, where del Corro and other investors sold shares back to the company. On the same day, 1,086 and 1,085 shares were distributed to del Corro and his spouse, respectively, and immediately sold under the same agreement. These shares were previously indirectly attributable to del Corro through Wengen Alberta, Limited Partnership, as indicated by the footnotes in the SEC filing.
The total value of the non-derivative securities sold, excluding the Stock Purchase Agreement transactions, was $285,246, with prices ranging between $12.70 and $13.377. Including the Stock Purchase Agreement labeled "S(6)" transactions, the total value of shares sold by del Corro amounted to $320,913, all at the price of $12.62.
Investors and market watchers often pay close attention to insider transactions as they may provide insights into the company's performance or the executives' confidence in the firm's future. Laureate Education, Inc. is a network of higher education institutions, and such insider activity can sometimes influence the market's perception and the stock's performance.
InvestingPro Insights
As investors analyze the recent insider transactions at Laureate Education, Inc. (NASDAQ:LAUR), they might also consider the company's current financial metrics and performance indicators provided by InvestingPro. Laureate Education's market capitalization stands at a robust $2.15 billion, reflecting its significant presence in the higher education sector. The company's Price-to-Earnings (P/E) ratio, which is a key indicator of how much investors are willing to pay for each dollar of earnings, is 20.12 on a trailing basis. This becomes even more attractive when considering the adjusted P/E ratio for the last twelve months as of Q4 2023, which is slightly lower at 18.42.
An InvestingPro Tip that stands out is the company's dividend yield, which is notably high at 5.12%. This could be particularly appealing to income-focused investors, especially when combined with the fact that analysts predict the company will be profitable this year. Another point to consider is that the company's short-term obligations exceed its liquid assets, which may warrant a closer look at its liquidity management. However, the company's cash flows are strong enough to cover interest payments, and it operates with a moderate level of debt, which could offer some reassurance regarding financial stability.
For those interested in delving deeper into Laureate Education's financial health and future prospects, there are additional InvestingPro Tips available. By visiting https://www.investing.com/pro/LAUR, investors can access a total of 7 InvestingPro Tips, which could provide further insights to help in making informed investment decisions. To enhance your research experience, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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