Strategic Education (NASDAQ:STRA) Director William Slocum Purchases 250 Shares of Company Stock

Strategic Education Inc. (NASDAQ:STRA) Director William Slocum bought 250 shares of Strategic Education stock in a transaction on Monday, November 9th. The stock was acquired at an average price of $51.00 per share, for a total transaction of $12,750.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Strategic Education Stock Up 3.1%

Shares of Strategic Education stock opened at $54.59 on Wednesday. The firm has a market cap of $1.19 billion, a PE ratio of 321.12, a price-to-earnings-growth ratio of 0.73 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. The business’s fifty day simple moving average is $77.73 and its 200-day simple moving average is $79.71.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings data 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). The business had revenue of $325.07 million for the quarter, compared to analyst estimates of $326.55 million. Strategic Education had a return on equity of 9.13% and a net margin of 0.74%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, equities analysts expect that Strategic Education Inc. will post 7.25 earnings per share for the current year.

Strategic Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, November 30th. Strategic Education’s dividend payout ratio (DPR) is 1,411.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets cut shares of Strategic Education from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $95.00 to $66.00 in a research report on Friday. Barrington Research lowered Strategic Education from an “outperform” rating to a “hold” rating in a research report on Friday, November 6th. Truist Financial lifted their price objective on Strategic Education from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings downgraded Strategic Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, Wall Street Zen lowered Strategic Education from a “buy” rating to a “hold” rating in a research note on Saturday. Six equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.00.

Institutional Investors Weigh In On Strategic Education

Hedge funds have recently added to or reduced their stakes in the business. Axiom Investment Management LLC acquired a new position in shares of Strategic Education in the first quarter worth $25,000. Heritage Family Offices LLP acquired a new stake in shares of Strategic Education in the third quarter valued at $25,000. Rockefeller Capital Management L.P. raised its stake in shares of Strategic Education by 305.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 616 shares of the health services provider’s stock valued at $49,000 after acquiring an additional 464 shares in the last quarter. Allworth Financial LP purchased a new position in Strategic Education in the second quarter valued at $49,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Strategic Education in the second quarter valued at $51,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

Strategic Education News Summary

Here are the key news stories impacting Strategic Education this week:

• Positive Sentiment: Two directors reported buying shares in multiple transactions from November 6–10. Michael Thawley bought 1,890 shares and William J. Slocum bought 1,250 shares; together, their purchases totaled 3,140 shares for about $163,000. Insider purchases can signal confidence, though they do not guarantee improved business results. SEC filing for Thawley purchases SEC filing for Slocum purchases
• Neutral Sentiment: A report listed short interest at zero shares and days to cover at zero. That indicates no reported short position in the data, but the entry’s description of a “large increase” conflicts with its figures.
• Negative Sentiment: Wall Street Zen and Barrington Research moved their ratings to “Hold,” and another report says sell-side analysts now rate STRA “Hold.” The change may limit expectations for near-term upside, although the articles provide no new company-specific fundamentals. Wall Street Zen rating Barrington Research rating Sell-side analyst ratings

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.