Afya ( NASDAQ:AFYA ) and China Online Education Group ( NYSE:COE ) are both small-cap consumer discretionary companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, institutional ownership, profitability, analyst recommendations, risk, valuation and dividends. Institutional and Insider Ownership 53.2% of Afya shares are held by institutional investors. Comparatively, 39.4% of China Online Education Group shares are held by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth. This is a summary of current…