Insider Selling: Strategic Education (NASDAQ:STRA) CFO Sells 13,000 Shares of Stock

by · The Cerbat Gem

Strategic Education Inc. (NASDAQ:STRAGet Free Report) CFO Daniel Wayne Jackson sold 13,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $82.37, for a total value of $1,070,810.00. Following the completion of the transaction, the chief financial officer directly owned 100,096 shares of the company’s stock, valued at approximately $8,244,907.52. The trade was a 11.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Strategic Education Trading Up 1.8%

NASDAQ:STRA traded up $1.48 during mid-day trading on Tuesday, hitting $85.92. 319,369 shares of the company’s stock were exchanged, compared to its average volume of 244,153. The company has a 50 day simple moving average of $81.15 and a 200-day simple moving average of $80.81. The firm has a market capitalization of $2.02 billion, a P/E ratio of 15.85, a PEG ratio of 0.85 and a beta of 0.56. Strategic Education Inc. has a fifty-two week low of $72.17 and a fifty-two week high of $93.45.

Strategic Education (NASDAQ:STRAGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The health services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. The company had revenue of $311.46 million for the quarter, compared to analyst estimates of $322.29 million. Strategic Education had a net margin of 9.98% and a return on equity of 8.75%. Strategic Education’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 earnings per share. As a group, analysts expect that Strategic Education Inc. will post 4.79 earnings per share for the current year.

Strategic Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a $0.60 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.8%. Strategic Education’s payout ratio is 44.28%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in STRA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Strategic Education by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,195 shares of the health services provider’s stock worth $1,360,000 after buying an additional 487 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Strategic Education by 40.2% during the first quarter. Jane Street Group LLC now owns 43,433 shares of the health services provider’s stock worth $3,647,000 after purchasing an additional 12,444 shares in the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Strategic Education by 61.5% in the second quarter. Y Intercept Hong Kong Ltd now owns 9,850 shares of the health services provider’s stock worth $839,000 after purchasing an additional 3,751 shares during the last quarter. Assetmark Inc. raised its stake in Strategic Education by 54.3% in the second quarter. Assetmark Inc. now owns 395 shares of the health services provider’s stock valued at $34,000 after purchasing an additional 139 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Strategic Education by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 263,217 shares of the health services provider’s stock valued at $22,408,000 after purchasing an additional 4,116 shares during the last quarter. Institutional investors own 93.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen raised Strategic Education from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Strategic Education in a research note on Thursday, January 22nd. Finally, Barrington Research reiterated an “outperform” rating and set a $105.00 price target on shares of Strategic Education in a report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Strategic Education currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Get Our Latest Stock Analysis on STRA

Strategic Education Company Profile

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Strategic Education, Inc is a publicly traded higher education services holding company headquartered in Herndon, Virginia. Through its primary operating subsidiaries, Strayer University and Capella University, the company delivers degree programs and professional development opportunities to working adults. Its offerings span undergraduate and graduate degrees, certificates, continuing education, and workforce training in fields such as business, technology, health services, education, and public administration.

Strayer University, with a network of physical campuses across the United States complemented by an online platform, provides associate’s through doctoral degrees designed to accommodate non-traditional students.

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