National American University Holdings, through its
wholly-owned subsidiary, operates National American University (NAU), a
regionally accredited, proprietary, multi-campus institution of higher learning
offering associate, bachelor’s, master’s and doctoral degree programs in
technical and professional disciplines. NAU opened its first campus in Rapid
City, South Dakota in 1941, and the university has since grown to include over
35 campuses across 11 states, in addition to offering a full selection of
online courses. By offering degree programs in traditional, online and hybrid
formats, NAUH is able to maximize enrollment figures by providing the
flexibility needed for students from a variety of backgrounds to take courses
at the times and places most convenient to their individual lifestyles.
With an established and growing presence in the online
university industry, NAUH is in a formidable position to benefit from the
industry’s strong performance moving forward. According to a report by the
Integrated Postsecondary Education Data System, an estimated 5.5 million
students reported taking at least one online course in the fall of 2012,
representing roughly one-quarter of total enrollment. Among these students,
approximately 2.6 million were reportedly enrolled in fully online programs,
and the majority of these students enrolled with for-profit institutions, such
as NAU.
In its fiscal third quarter of 2015, which ended February
28, NAUH leveraged the expanding educational market to post strong financial
results. The company’s net income grew by more than 36 percent over the same
period in 2014, allowing its board of directors to declare a cash dividend on
all shares.
“We continued to focus on improving our profitability during
a period of transition that is focused on improving both our enrollment and
student counseling,” Dr. Ronald L. Shape, chief executive officer of NAUH,
stated in a news release. “We have a strong balance sheet with no long-term
debt and have the necessary financial and operational flexibility to carry out
our goal of growing without taking unnecessary risk. We believe this is a
critical differentiator from our competitors.”
Despite mild decreases in enrollment figures over recent
months, NAUH is in a strong financial position to continue increasing its
market share in the expanding postsecondary education industry in the months to
come. Look for the company to lean on the considerable experience of its
management team in order to improve enrollment numbers, providing a basis for
sustainable investor returns in the future.
For more information, visit www.national.edu
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Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
