Is American Public Education, Inc. (APEI) a Good Stock to Buy?

Judging by the fact that American Public Education, Inc. (NASDAQ:APEI) has weathered a decline in interest from the entirety of the hedge funds we track, we can see that there was a specific group of fund managers who sold off their positions entirely heading into Q4. Intriguingly, Robert B. Gillam’s McKinley Capital Management got rid of the biggest stake of all the hedgies watched by Insider Monkey, totaling about $3.2 million in stock. Joshua Packwood and Schuster Tanger’s fund, Radix Partners, also dumped its stock, about $0.4 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to American Public Education, Inc. (NASDAQ:APEI). We will take a look at Trinity Biotech plc (ADR) (NASDAQ:TRIB), CONN’S, Inc. (NASDAQ:CONN), Bridgepoint Education Inc (NYSE:BPI), and Natural Health Trends Corp. (NASDAQ:NHTC). This group of stocks’ market valuations are closest to APEI’s market valuation.

As you can see these stocks had an average of 12 investors with bullish positions and the average amount invested in these stocks was $53 million, versus $45 million in APEI’s case. Trinity Biotech plc (ADR) (NASDAQ:TRIB) is the most popular stock in this table. On the other hand Natural Health Trends Corp. (NASDAQ:NHTC) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks American Public Education, Inc. (NASDAQ:APEI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None