Strayer Education Inc (STRA) Insider Sells $676,650.00 in Stock

Strayer Education Inc (NASDAQ:STRA) insider J Kevin Gilligan sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $135.33, for a total value of $676,650.00. Following the sale, the insider now owns 118,544 shares in the company, valued at approximately $16,042,559.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

J Kevin Gilligan also recently made the following trade(s):

  • On Thursday, September 6th, J Kevin Gilligan sold 5,000 shares of Strayer Education stock. The stock was sold at an average price of $135.32, for a total value of $676,600.00.
  • On Thursday, August 30th, J Kevin Gilligan sold 5,000 shares of Strayer Education stock. The stock was sold at an average price of $136.55, for a total value of $682,750.00.
  • On Thursday, August 23rd, J Kevin Gilligan sold 5,000 shares of Strayer Education stock. The stock was sold at an average price of $135.79, for a total value of $678,950.00.
  • On Monday, August 20th, J Kevin Gilligan sold 5,000 shares of Strayer Education stock. The stock was sold at an average price of $129.66, for a total value of $648,300.00.

NASDAQ:STRA opened at $138.22 on Monday. Strayer Education Inc has a fifty-two week low of $80.75 and a fifty-two week high of $138.97. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89.

Strayer Education (NASDAQ:STRA) last released its earnings results on Wednesday, August 1st. The health services provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.03. Strayer Education had a return on equity of 18.39% and a net margin of 3.14%. The company had revenue of $114.70 million for the quarter, compared to analysts’ expectations of $115.65 million. During the same quarter in the previous year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. equities research analysts forecast that Strayer Education Inc will post 4.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, August 30th. This is a boost from Strayer Education’s previous quarterly dividend of $0.25. Strayer Education’s payout ratio is 64.31%.

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its stake in Strayer Education by 41.4% during the 1st quarter. Russell Investments Group Ltd. now owns 6,122 shares of the health services provider’s stock valued at $619,000 after acquiring an additional 1,791 shares in the last quarter. Quantbot Technologies LP grew its stake in Strayer Education by 2,526.5% during the 1st quarter. Quantbot Technologies LP now owns 3,073 shares of the health services provider’s stock valued at $310,000 after acquiring an additional 2,956 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Strayer Education during the 1st quarter valued at about $993,000. State Board of Administration of Florida Retirement System grew its stake in Strayer Education by 9.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 5,972 shares of the health services provider’s stock valued at $675,000 after acquiring an additional 510 shares in the last quarter. Finally, Poplar Forest Capital LLC purchased a new position in Strayer Education during the 1st quarter valued at about $213,000. 99.92% of the stock is currently owned by institutional investors.

Several analysts have issued reports on STRA shares. Zacks Investment Research downgraded Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th. ValuEngine downgraded Strayer Education from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Barrington Research started coverage on Strayer Education in a report on Tuesday, August 21st. They set an “outperform” rating and a $160.00 price objective on the stock. BMO Capital Markets boosted their price objective on Strayer Education to $152.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Finally, BidaskClub upgraded Strayer Education from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $142.40.

Strayer Education Company Profile

Strayer Education, Inc, through its subsidiaries, provides a range of post-secondary education and other academic programs in the United States. The company operates Strayer University that provides undergraduate and graduate degree programs in business administration, accounting, information technology, education, health services administration, nursing, public administration, and criminal justice to working adult students through its 74 physical campuses primarily located in the Mid-Atlantic and Southern regions, as well as through online.

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