Pallas Capital Advisors LLC Purchases New Position in Strategic Education Inc. $STRA

Pallas Capital Advisors LLC purchased a new stake in shares of Strategic Education Inc. (NASDAQ:STRA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,660 shares of the health services provider's stock, valued at approximately $312,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Strategic Education during the 1st quarter valued at $82,000. Significant Wealth Partners LLC grew its holdings in Strategic Education by 17.3% during the 1st quarter. Significant Wealth Partners LLC now owns 2,689 shares of the health services provider's stock valued at $226,000 after purchasing an additional 396 shares during the last quarter. NBC Securities Inc. grew its holdings in Strategic Education by 105,000.0% during the 1st quarter. NBC Securities Inc. now owns 3,153 shares of the health services provider's stock valued at $264,000 after purchasing an additional 3,150 shares during the last quarter. International Assets Investment Management LLC grew its stake in Strategic Education by 36.7% in the 1st quarter. International Assets Investment Management LLC now owns 3,251 shares of the health services provider's stock worth $273,000 after acquiring an additional 872 shares in the last quarter. Finally, Versor Investments LP lifted its position in shares of Strategic Education by 16.0% in the 1st quarter. Versor Investments LP now owns 4,111 shares of the health services provider's stock worth $345,000 after purchasing an additional 566 shares during the period. Hedge funds and other institutional investors own 93.27% of the company's stock.

Insider Activity at Strategic Education

In other Strategic Education news, CFO Daniel Wayne Jackson purchased 1,900 shares of Strategic Education stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $81.50 per share, for a total transaction of $154,850.00. Following the transaction, the chief financial officer directly owned 104,136 shares in the company, valued at $8,487,084. This trade represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director G Thomas Waite III sold 700 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $81.69, for a total transaction of $57,183.00. Following the completion of the sale, the director owned 15,926 shares of the company's stock, valued at approximately $1,300,994.94. This trade represents a 4.21% decrease in their position. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Strategic Education from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Barrington Research reiterated an "outperform" rating and issued a $105.00 price objective on shares of Strategic Education in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Strategic Education in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $99.33.

Strategic Education Stock Down 1.3%

Shares of Strategic Education stock opened at $82.01 on Monday. Strategic Education Inc. has a 52-week low of $72.25 and a 52-week high of $104.51. The company has a 50 day moving average of $79.64 and a 200 day moving average of $82.51. The company has a market capitalization of $1.96 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.96 and a beta of 0.69.

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

Strategic Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, September 5th. Strategic Education's payout ratio 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.

Want to see what other hedge funds are holding STRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Strategic Education Inc. (NASDAQ:STRA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.