Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is listed on the NYSE under the symbol “UTI.”
The closing price of our common stock as reported by the NYSE on November 21, 2025 was $22.66 per share. As of November 21, 2025, there were 12 holders of record of our common stock.
Dividends
On June 9, 2016, our board of directors voted to eliminate the quarterly cash dividend on our common stock. Any future common stock dividends require the approval from our board of directors.
We continuously evaluate our cash position in light of growth opportunities, operating results and general market conditions.
Repurchase of Securities
On December 10, 2020, our board of directors authorized a new share repurchase plan that would allow for the repurchase of up to $35.0 million of our common stock in the open market or through privately negotiated transactions. Any repurchases under this new stock repurchase program require the approval of our board of directors. We did not repurchase any shares during the quarter ended September 30, 2025.
Stock Performance Graph
The following Stock Performance Graph and related information shall not be deemed “soliciting material” or “filed” with the SEC, nor should such information be incorporated by reference into any future filings under the Securities Act or the Exchange Act except to the extent that we specifically incorporate it by reference in such filing.
The graph below compares our annual percentage change in cumulative total return on common shares over the past five years with the cumulative total return of companies comprising the Russell 2000 Index and our peer group index. The peer group consists of the companies identified below, which were selected on the basis of similar nature of their business. This presentation assumes that $100 was invested in shares of the relevant issuers on September 30, 2020, and that dividends received were immediately invested in additional shares. The graph plots the value of the initial $100 investment at one-year intervals for the fiscal years shown.
40
CRSP Total Returns Index for: 09/2020
09/2021
09/2022
09/2023
09/2024
09/2025
Universal Technical Institute, Inc. $ 100.00 $ 133.07 $ 107.09 $ 164.94 $ 320.00 $ 640.52
Russell 2000 100.00 147.68 112.98 123.07 156.00 172.78
New Peer Group (1)
100.00 102.18 90.14 115.01 170.86 283.47
Old Peer Group (1)
100.00 102.18 90.14 115.01 170.86 282.93
Companies in the Self-Determined Peer Group:
Adtalem Global Education, Inc. Legacy Education, Inc. (1)
American Public Education, Inc. Perdoceo Education Corporation
Lincoln Educational Services Corporation Strategic Education, Inc.
(1) During 2025, we added Legacy Education, Inc., who first publicly listed its securities on the NYSE on September 26, 2024, to our peer group. This addition is the only difference between our New Peer Group and the Old Peer Group.
Notes:
• The lines represent monthly index levels derived from compounded daily returns that include all dividends.
• The indexes are reweighted daily, using the market capitalization on the previous trading day.
• If the monthly interval, based on the fiscal year-end, is not a trading day, the preceding trading day is used.
• The index level for all series was set to $100.00 on 9/30/2020.
Prepared by Zacks Investment Research, Inc. Used with permission. All rights reserved.
ITEM 6. [RESERVED]