GSA Capital Partners LLP Takes Position in Strategic Education Inc. (NASDAQ:STRA)

Key Points

• GSA Capital Partners LLP acquired 13,906 shares of Strategic Education Inc. worth approximately $1,168,000 during the 1st quarter, representing about 0.06% ownership of the company.
• Strategic Education reported a net income of $1.52 EPS for the recent quarter, exceeding analysts' expectations of $1.42, while year-on-year revenue rose by 2.9% to $321.47 million.
• The company has declared a quarterly dividend of $0.60 per share, yielding 3.23%, with a payout ratio of 51.28% and a dividend payment date set for September 15th.

GSA Capital Partners LLP acquired a new position in Strategic Education Inc. (NASDAQ:STRA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,906 shares of the health services provider's stock, valued at approximately $1,168,000. GSA Capital Partners LLP owned 0.06% of Strategic Education at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of STRA. Vanguard Group Inc. grew its stake in shares of Strategic Education by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 2,793,685 shares of the health services provider's stock worth $260,986,000 after purchasing an additional 45,421 shares during the last quarter. Marshfield Associates raised its holdings in shares of Strategic Education by 0.4% during the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider's stock valued at $171,565,000 after acquiring an additional 6,869 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Strategic Education by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,258,680 shares of the health services provider's stock worth $117,586,000 after acquiring an additional 20,456 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its holdings in Strategic Education by 12.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,286 shares of the health services provider's stock valued at $57,760,000 after acquiring an additional 70,743 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Strategic Education by 6.2% during the 4th quarter. Royal Bank of Canada now owns 589,053 shares of the health services provider's stock valued at $55,029,000 after purchasing an additional 34,608 shares during the period. Institutional investors own 93.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of Strategic Education from $98.00 to $88.00 and set an "outperform" rating on the stock in a research report on Friday. Truist Financial set a $105.00 price objective on Strategic Education in a research report on Thursday, April 24th. Barrington Research reissued an "outperform" rating and issued a $105.00 target price on shares of Strategic Education in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut Strategic Education from a "buy" rating to a "hold" rating in a research report on Saturday.

Strategic Education Stock Performance

NASDAQ STRA traded down $1.62 on Monday, reaching $73.26. 64,680 shares of the stock traded hands, compared to its average volume of 173,907. Strategic Education Inc. has a 12 month low of $72.25 and a 12 month high of $104.51. The company has a fifty day moving average price of $83.43 and a 200-day moving average price of $86.41. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.88 and a beta of 0.58.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The health services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $321.47 million during the quarter, compared to analyst estimates of $322.84 million. Strategic Education had a net margin of 9.27% and a return on equity of 7.52%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. As a group, research analysts anticipate that Strategic Education Inc. will post 4.79 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Strategic Education's dividend payout ratio (DPR) is currently 49.90%.

About Strategic Education

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.