Strategic Education (NASDAQ:STRA) Chairman Acquires $58,028.76 in Stock

Strategic Education Inc. (NASDAQ:STRA) Chairman Robert Silberman acquired 718 shares of the stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $80.82 per share, with a total value of $58,028.76. Following the completion of the purchase, the chairman owned 319,870 shares of the company’s stock, valued at approximately $25,851,893.40. The trade was a 0.22% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Strategic Education Stock Down 1.9%

Shares of Strategic Education stock traded down $1.50 during trading on Monday, reaching $79.26. 240,291 shares of the stock were exchanged, compared to its average volume of 266,538. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.77 and a beta of 0.56. Strategic Education Inc. has a 1 year low of $72.17 and a 1 year high of $93.45. The stock’s fifty day moving average is $81.37 and its 200 day moving average is $80.89.

Strategic Education (NASDAQ:STRA) last announced its quarterly earnings results on Thursday, February 26th. The health services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.27. The company had revenue of $311.46 million for the quarter, compared to the consensus estimate of $322.29 million. Strategic Education had a return on equity of 8.75% and a net margin of 9.98%.Strategic Education’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Equities analysts forecast that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, March 9th. Strategic Education’s dividend payout ratio (DPR) is currently 44.28%.

Wall Street Analysts Forecast Growth

STRA has been the subject of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $105.00 price target on shares of Strategic Education in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Strategic Education in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Strategic Education from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Finally, Zacks Research raised shares of Strategic Education from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $99.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Lightrock Netherlands B.V. boosted its position in shares of Strategic Education by 155.7% during the third quarter. Lightrock Netherlands B.V. now owns 234,719 shares of the health services provider’s stock valued at $20,188,000 after purchasing an additional 142,915 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in Strategic Education in the third quarter worth $1,175,000. Y Intercept Hong Kong Ltd raised its holdings in Strategic Education by 158.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 25,438 shares of the health services provider’s stock worth $2,188,000 after purchasing an additional 15,588 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Strategic Education by 56.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 262,035 shares of the health services provider’s stock worth $22,307,000 after purchasing an additional 94,955 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Strategic Education during the second quarter valued at $325,000. Institutional investors own 93.27% of the company’s stock.

Strategic Education Company Profile

Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.