Strategic Education (NASDAQ:STRA) Director Buys $52,000.00 in Stock

Strategic Education Inc. (NASDAQ:STRA) Director William Slocum acquired 1,000 shares of Strategic Education stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average cost of $52.00 per share, with a total value of $52,000.00. Following the transaction, the director owned 8,815 shares in the company, valued at $458,380. This represents a 12.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Strategic Education Trading Up 1.4%

NASDAQ STRA opened at $55.08 on Friday. Strategic Education Inc. has a 12 month low of $50.70 and a 12 month high of $89.73. The stock’s fifty day moving average price is $76.61 and its 200-day moving average price is $79.41. The stock has a market cap of $1.21 billion, a P/E ratio of 324.00, a P/E/G ratio of 0.79 and a beta of 0.51.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, November 5th. The health services provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.23). The firm had revenue of $325.07 million during the quarter, compared to the consensus estimate of $326.55 million. Strategic Education had a return on equity of 9.13% and a net margin of 0.74%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.64 EPS. As a group, analysts forecast that Strategic Education Inc. will post 6.91 earnings per share for the current fiscal year.

Strategic Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Monday, November 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 4.4%. Strategic Education’s dividend payout ratio (DPR) is 1,411.76%.

Wall Street Analyst Weigh In

STRA has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Strategic Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Barrington Research lowered Strategic Education from an “outperform” rating to a “hold” rating in a report on Friday, November 6th. Truist Financial upped their price objective on Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. William Blair downgraded Strategic Education to a “market perform” rating in a research note on Friday, November 6th. Finally, Zacks Research downgraded shares of Strategic Education from a “hold” rating to a “strong sell” rating in a report on Monday. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $87.00.

Institutional Trading of Strategic Education

Institutional investors and hedge funds have recently modified their holdings of the company. Axiom Investment Management LLC purchased a new stake in Strategic Education in the 1st quarter worth $25,000. Heritage Family Offices LLP purchased a new stake in shares of Strategic Education during the third quarter worth about $25,000. Group One Trading LLC bought a new stake in Strategic Education during the 3rd quarter valued at approximately $40,000. Rockefeller Capital Management L.P. boosted its stake in Strategic Education by 305.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 616 shares of the health services provider’s stock worth $49,000 after purchasing an additional 464 shares during the period. Finally, Allworth Financial LP bought a new position in Strategic Education in the 2nd quarter worth approximately $49,000. 93.27% of the stock is currently owned by institutional investors.

Strategic Education Company Profile

Strategic Education, Inc. is an education services company that provides postsecondary programs and workforce-focused learning services. Its U.S. institutions include Strayer University and Capella University, which offer undergraduate and graduate programs in fields such as business, technology, health care and education through online and campus-based instruction. Outside the United States, the company operates Torrens University Australia and other education institutions serving students in Australia and New Zealand.