Viet D. Dinh Purchases 5,000 Shares of Strategic Education, Inc. (NASDAQ:STRA) Stock

Strategic Education, Inc. (NASDAQ:STRA) Director Viet D. Dinh purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $95.59 per share, with a total value of $477,950.00. Following the completion of the purchase, the director now owns 20,020 shares of the company’s stock, valued at $1,913,711.80. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Strategic Education Price Performance

Shares of NASDAQ STRA opened at $93.35 on Wednesday. The company has a fifty day moving average price of $110.93 and a 200 day moving average price of $106.80. The firm has a market cap of $2.30 billion, a PE ratio of 22.12, a PEG ratio of 0.92 and a beta of 0.57. The company has a current ratio of 1.57, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. Strategic Education, Inc. has a 1-year low of $72.44 and a 1-year high of $123.62.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Wednesday, July 31st. The health services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. Strategic Education had a return on equity of 7.47% and a net margin of 9.84%. The company had revenue of $312.30 million during the quarter, compared to analysts’ expectations of $308.16 million. During the same period in the prior year, the firm earned $0.82 earnings per share. Strategic Education’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that Strategic Education, Inc. will post 4.71 earnings per share for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.57%. Strategic Education’s dividend payout ratio (DPR) is presently 56.87%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Strategic Education from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barrington Research upped their price objective on shares of Strategic Education from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Truist Financial boosted their target price on Strategic Education from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets dropped their price target on Strategic Education from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Strategic Education in the 2nd quarter valued at $36,000. CWM LLC increased its position in shares of Strategic Education by 2,650.0% in the second quarter. CWM LLC now owns 330 shares of the health services provider’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Strategic Education in the second quarter valued at about $38,000. Rothschild Investment LLC bought a new stake in Strategic Education during the second quarter worth about $38,000. Finally, Russell Investments Group Ltd. acquired a new position in Strategic Education during the fourth quarter valued at approximately $73,000. 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.