Bastion Asset Management Inc. Invests $1.11 Million in Strategic Education, Inc. (NASDAQ:STRA)

Bastion Asset Management Inc. acquired a new stake in shares of Strategic Education, Inc. (NASDAQ:STRA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 11,866 shares of the health services provider's stock, valued at approximately $1,108,000.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Strategic Education during the third quarter valued at about $37,000. R Squared Ltd bought a new stake in Strategic Education during the 4th quarter worth approximately $42,000. Smartleaf Asset Management LLC lifted its stake in Strategic Education by 394.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 480 shares of the health services provider's stock worth $44,000 after purchasing an additional 383 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Strategic Education by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 700 shares of the health services provider's stock valued at $65,000 after purchasing an additional 623 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in shares of Strategic Education during the 4th quarter valued at $96,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Transactions at Strategic Education

In other Strategic Education news, Director Robert R. Grusky sold 1,494 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $80.27, for a total value of $119,923.38. Following the completion of the transaction, the director now owns 11,349 shares in the company, valued at approximately $910,984.23. This represents a 11.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel Wayne Jackson sold 6,025 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $97.83, for a total transaction of $589,425.75. Following the sale, the chief financial officer now owns 81,756 shares in the company, valued at approximately $7,998,189.48. This trade represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,826 shares of company stock valued at $3,945,093. Corporate insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Strategic Education from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Barrington Research reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Strategic Education in a report on Tuesday, April 15th. BMO Capital Markets boosted their price objective on Strategic Education from $97.00 to $98.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Truist Financial set a $105.00 target price on shares of Strategic Education in a research note on Thursday, April 24th.

Strategic Education Stock Up 0.6 %

Shares of STRA traded up $0.55 during trading hours on Wednesday, hitting $88.36. The company had a trading volume of 315,518 shares, compared to its average volume of 154,094. The firm has a market cap of $2.14 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.22 and a beta of 0.52. Strategic Education, Inc. has a 52-week low of $74.28 and a 52-week high of $123.41. The stock's 50 day moving average price is $81.50 and its 200 day moving average price is $90.83.

Strategic Education (NASDAQ:STRA - Get Free Report) last announced its earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.29. The company had revenue of $303.59 million during the quarter, compared to the consensus estimate of $300.67 million. Strategic Education had a return on equity of 7.61% and a net margin of 10.44%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 earnings per share. On average, research analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. Strategic Education's dividend payout ratio (DPR) is 51.28%.

Strategic Education Company Profile

Strategic Education, Inc, through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute.