Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky Sells 462 Shares

Strategic Education, Inc. (NASDAQ:STRA) Director Robert R. Grusky sold 462 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $120.99, for a total value of $55,897.38. Following the transaction, the director now directly owns 11,945 shares in the company, valued at $1,445,225.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Strategic Education Stock Performance

Shares of STRA stock opened at $120.65 on Friday. Strategic Education, Inc. has a one year low of $64.53 and a one year high of $121.29. The company has a market cap of $2.97 billion, a P/E ratio of 28.59, a P/E/G ratio of 1.34 and a beta of 0.45. The firm has a 50-day moving average of $103.64 and a 200-day moving average of $95.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49.

Strategic Education (NASDAQ:STRA) last posted its quarterly earnings data on Thursday, April 25th. The health services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.60 by $0.51. Strategic Education had a net margin of 8.70% and a return on equity of 6.78%. The firm had revenue of $290.25 million during the quarter, compared to analyst estimates of $274.02 million. Equities research analysts forecast that Strategic Education, Inc. will post 4.83 EPS for the current fiscal year.

Strategic Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 24th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.99%. Strategic Education’s dividend payout ratio (DPR) is currently 56.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of STRA. Russell Investments Group Ltd. bought a new stake in shares of Strategic Education during the 4th quarter worth $73,000. VisionPoint Advisory Group LLC raised its position in Strategic Education by 27.8% in the third quarter. VisionPoint Advisory Group LLC now owns 1,084 shares of the health services provider’s stock worth $82,000 after acquiring an additional 236 shares during the period. TFO Wealth Partners LLC boosted its stake in Strategic Education by 118,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,181 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 1,180 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Strategic Education in the third quarter valued at about $234,000. Finally, Everence Capital Management Inc. bought a new position in shares of Strategic Education during the 4th quarter valued at approximately $236,000. Institutional investors own 93.27% of the company’s stock.

Analyst Ratings Changes

STRA has been the subject of a number of recent research reports. BMO Capital Markets boosted their price target on shares of Strategic Education from $123.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Barrington Research boosted their target price on shares of Strategic Education from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. StockNews.com raised shares of Strategic Education from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Bank of America lifted their price target on Strategic Education from $104.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Truist Financial increased their price objective on Strategic Education from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Strategic Education has a consensus rating of “Buy” and an average price target of $133.50.

Strategic Education Company Profile

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.