Strategic Education (NASDAQ:STRA) Director Purchases $12,750.00 in Stock

Key Points

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Strategic Education Inc. (NASDAQ:STRA - Get Free Report) Director William Slocum bought 250 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The shares were purchased at an average cost of $51.00 per share, with a total value of $12,750.00. Following the acquisition, the director directly owned 9,065 shares of the company's stock, valued at approximately $462,315. This trade represents a 2.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Strategic Education Stock Performance

NASDAQ STRA traded up $1.42 during trading hours on Tuesday, reaching $54.37. The stock had a trading volume of 458,219 shares, compared to its average volume of 292,673. The stock has a fifty day moving average of $78.30 and a 200 day moving average of $79.87. The stock has a market cap of $1.21 billion, a P/E ratio of 319.79, a price-to-earnings-growth ratio of 0.69 and a beta of 0.51. Strategic Education Inc. has a 52-week low of $50.70 and a 52-week high of $89.73.

Strategic Education (NASDAQ:STRA - Get Free Report) last posted 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). Strategic Education had a return on equity of 8.98% and a net margin of 10.46%. The business had revenue of $325.07 million for the quarter, compared to analysts' expectations of $326.55 million. During the same period in the prior year, the business posted $1.64 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Strategic Education Inc. will post 7.23 EPS for the current year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 30th will be paid a $0.60 dividend. The ex-dividend date is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.4%. Strategic Education's dividend payout ratio is presently 1,411.76%.

Institutional Investors Weigh In On Strategic Education

Several hedge funds have recently bought and sold shares of STRA. Hsbc Holdings PLC acquired a new stake in shares of Strategic Education during the 2nd quarter worth approximately $1,594,000. Bank of America Corp DE purchased a new position in shares of Strategic Education during the 2nd quarter valued at approximately $6,974,000. BlackRock Inc. acquired a new position in shares of Strategic Education in the 2nd quarter valued at $291,189,000. PDT Partners LLC acquired a new position in shares of Strategic Education in the 2nd quarter valued at $3,521,000. Finally, Empowered Funds LLC acquired a new position in shares of Strategic Education in the 2nd quarter valued at $6,107,000. Hedge funds and other institutional investors own 93.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STRA. Wall Street Zen cut shares of Strategic Education from a "buy" rating to a "hold" rating in a report on Saturday. Truist Financial upped their price target on shares of Strategic Education from $80.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, July 30th. William Blair downgraded Strategic Education to a "market perform" rating in a research report on Friday. Weiss Ratings lowered Strategic Education from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, October 28th. Finally, Barrington Research lowered Strategic Education from an "outperform" rating to a "hold" rating in a research note on Friday. Six equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $87.00.

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.

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