American Public Education, Inc. (NASDAQ:APEI) insider has latelyjoinedan insider trading activity. Director, Landon Timothy J sold 400 shares for $9,800 via through transaction Dec 15. Following the transaction, the insider now holds 13,943 shares in the company, priced at $369489.5 as of Friday. Additional notable insider trading was performed by the same insider on Nov 15. Landon Timothy J Sold 400 shares with $21.90 as the average price of common stock. That amounts to $8,760 in total. Apart from this, Gilbert Carol S carried out a sale of 500 shares at $24.50 per share on Dec 15. The transaction was worth $12,250. EVP, Programs and Marketing Gilbert Carol S sold 500 shares for $10,950 via one transaction Nov 15. Following this sale, this insider’s ownership comprises 48,685 shares, priced at $1290152.5 as of Friday.

The stock has seen a count of 6 insider trades in the past 3 months. These transactions include 5 sell trades and 1 buy activities. Furthermore, over the past 12 months, insider traded the stock on 53 occasions. In 30 instances, an employee was a seller while the insider of the company was the buyer in just 23 times.

American Public Education, Inc. (APEI) on November 8, 2016 announced financial results for the quarter ended September 30, 2016.

Financial Results:

Total consolidated revenue for the third quarter of 2016 decreased 3.3% to $73.8 million, compared to total revenue of $76.3 million in the third quarter of 2015.  Consolidated income from operations before interest income and income taxes in the third quarter of 2016 was $0.4 million, compared to consolidated income from operations before interest income and income taxes of $10.5 million in the third quarter of 2015.  GAAP net income for the third quarter of 2016 was $0.3 million, or $0.02 per diluted share, compared to GAAP net income of $6.8 million, or $0.41 per diluted share for the third quarter of 2015. The weighted average diluted shares outstanding for the third quarter of 2016 and 2015 were approximately 16.2 million and 16.7 million, respectively.

Adjusted net income for the third quarter of 2016 was $5.7 million, or $0.35 per diluted share.  Adjusted net income for the third quarter of 2016 excludes a $4.0 million write-off of student course registration software development in our APEI segment and a $4.7 million expense for impairment of goodwill in our HCON segment, and reflects the applicable tax effect of those adjustments.  For additional information regarding adjusted net income (a non-GAAP measure), please refer to “GAAP to Adjusted Net Income Reconciliation” in the financial tables that follow.

For the nine months ended September 30, 2016, total consolidated revenue decreased 3.1% to $234.5 million, compared to $242.0 million in the prior year period.  Consolidated income from operations before interest income and income taxes for the nine months ended September 30, 2016 was $27.0 million, compared to $36.6 million in the prior year period.  GAAP net income for the nine months ended September 30, 2016 was $17.3 million, or $1.07 per diluted share, compared to net income of $22.6 million, or $1.33 per diluted share in the prior year period. The weighted average diluted shares outstanding for the nine months ended September 30, 2016 and 2015 were approximately 16.2 million and 17.0 million, respectively.