Is Grand Canyon Education Inc. (LOPE) A Smart Long-Term Buy?
Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 15.42% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmark, Russell 2000® Value Index, that rose to 21.17% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Small Cap Value Fund, in its Q1 2021 investor letter, mentioned Grand Canyon Education, Inc. (NASDAQ: LOPE), and shared their insights on the company. Grand Canyon Education, Inc. is a Phoenix, Arizona-based educational service company that currently has an $4.3 billion market capitalization. LOPE delivered a -16.40% return in the past month, while its 12-month gains are down by -1.16%. As of May 11, 2021, the stock closed at $93.11 per share.