Insider Selling: Strategic Education, Inc. (NASDAQ:STRA) Director Sells $119,923.38 in Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 1,494 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $80.27, for a total transaction of $119,923.38. Following the completion of the sale, the director now directly owns 11,349 shares in the company, valued at $910,984.23. This trade represents a 11.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Strategic Education Stock Performance

Shares of STRA opened at $80.93 on Monday. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.22 and a beta of 0.58. The company’s 50 day simple moving average is $83.28 and its 200 day simple moving average is $91.11. Strategic Education, Inc. has a 1 year low of $74.28 and a 1 year high of $123.62.

Strategic Education (NASDAQ:STRA) last issued its quarterly earnings results on Thursday, April 24th. The health services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.01 by $0.29. Strategic Education had a net margin of 10.44% and a return on equity of 7.61%. The firm had revenue of $303.59 million during the quarter, compared to analyst estimates of $300.67 million. Equities analysts expect that Strategic Education, Inc. will post 4.79 EPS for the current fiscal year.

Strategic Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, May 23rd. Strategic Education’s dividend payout ratio (DPR) is 51.39%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Strategic Education in a report on Tuesday, April 15th. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research note on Friday. Truist Financial set a $105.00 price objective on shares of Strategic Education in a research note on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Strategic Education from $114.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd.

Hedge Funds Weigh In On Strategic Education

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Strategic Education by 1.7% during 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 increased its position in Strategic Education by 0.4% during the fourth quarter. Marshfield Associates now owns 1,836,491 shares of the health services provider’s stock worth $171,565,000 after purchasing an additional 6,869 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of 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 in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Strategic Education by 12.9% in the 4th 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 during the period. Finally, Royal Bank of Canada raised its stake in shares of Strategic Education by 6.2% in 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 acquiring an additional 34,608 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

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.