Adtalem Global Ed Inc Stock Price, News & Analysis

Engine Capital LP and Hawk Ridge Capital Management LP, significant shareholders of Adtalem Global Education (ATGE), have sent a letter to the company's Board, raising concerns about an ongoing U.S. Department of Justice investigation into Walden University's nursing program. The letter highlights low graduation rates due to inadequate support for clinical experience requirements, posing potential risks of fines and loss of federal funding.

They urge the Board to clarify investigation details in the February 2 earnings call and recommend halting any financing activities regarding Walden until the investigation concludes, warning of $122 million in unnecessary costs.

ACAMS is hosting its inaugural Global Sanctions Space Summit on March 2, aimed at helping compliance professionals navigate complex regulations. The two-day virtual event will feature over 50 experts discussing economic sanctions challenges, including human rights abuses and cybercrimes. Attendees can participate in networking and panel discussions on topics like sanctions evasion and crypto compliance risks. Experts such as Lisa Palluconi from OFAC will provide actionable insights for compliance programs.

Becker, a leader in professional education and part of Adtalem Global Education, announced enhancements to its CMA Exam Review, aimed at fostering skills essential for management accountants. The updated course covers both parts of the exam, offering new quality content, an intuitive user experience, industry-leading instruction, and personalized learning through AI technology. This initiative supports the growth of qualified financial professionals, reflecting Becker's commitment to innovation in education.

Adtalem Global Education (NYSE: ATGE) reaffirms its commitment to engaging with shareholders Engine Capital and Hawk Ridge Partners. The company remains focused on executing its growth strategy, which involves strategic investments, streamlining its portfolio, and enhancing educational offerings through the pending acquisition of Walden University. The acquisition aims to broaden access to quality education. Adtalem emphasizes its dedication to long-term shareholder value and community impact, while also acknowledging potential risks related to the acquisition and market competition.

Engine Capital LP and Hawk Ridge Capital Management LP, significant stockholders of Adtalem Global Education (NYSE:ATGE) with a 3.9% ownership stake, issued an open letter to the Company's Board expressing concerns about disappointing investor returns. The letter highlights several issues, including subpar operational performance, poor capital allocation, and a need for restructuring. They propose a "2022 Adtalem Plan" to enhance shareholder value, while also launching a website to share their insights on improving the company.

Adtalem Global Education (NYSE: ATGE) announced a conference call on February 2, 2021, at 4 p.m. CT to discuss its fiscal 2021 second quarter results. The call will be hosted by CEO Lisa Wardell and CFO Mike Randolfi. Participants can join by calling 877-407-6184 (U.S.) or +1 201-389-0877 (international), using conference ID 13714067. A live web broadcast will also be available. The call will be archived for replay until March 2, 2021. Adtalem is a leading education provider, comprising multiple institutions including Ross University and Chamberlain University.

ACAMS has introduced a new certification program called the Certified AML FinTech Compliance Associate (CAFCA) to help FinTech companies meet anti-money laundering (AML) regulatory standards. Developed with FINTRAIL, this program aims to enhance the compliance skills of FinTech personnel. The training includes eight hours of digital courses covering essential AML topics, culminating in a certification exam. The program launches globally at an introductory price of US$845 through January 31, 2021, aligning with ACAMS' expanding educational offerings.

ACAMS will host the 11th Annual AML & Anti-Financial Crime Conference focusing on Global Insights and MENA Solutions starting December 8. This three-day event aims to tackle pressing compliance challenges in the Middle East and North Africa, featuring experts and regulatory officials. Attendees will benefit from discussions on identifying beneficial owners, technological integration in compliance programs, and practical guidance against financial crimes. The conference offers live and on-demand sessions, available for 90 days post-event.