Olympiad Research LP Makes New $386,000 Investment in Strategic Education, Inc. (NASDAQ:STRA)

Olympiad Research LP purchased a new position in Strategic Education, Inc. (NASDAQ:STRA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,135 shares of the health services provider’s stock, valued at approximately $386,000.

Several other hedge funds have also recently added to or reduced their stakes in STRA. Wilmington Savings Fund Society FSB acquired a new position in Strategic Education in the third quarter worth approximately $37,000. R Squared Ltd acquired a new position in Strategic Education in the fourth quarter worth approximately $42,000. Allspring Global Investments Holdings LLC acquired a new position in Strategic Education in the third quarter worth approximately $55,000. Pacer Advisors Inc. acquired a new position in Strategic Education in the fourth quarter worth approximately $96,000. Finally, KBC Group NV grew its position in Strategic Education by 53.3% in the fourth quarter. KBC Group NV now owns 1,044 shares of the health services provider’s stock worth $98,000 after buying an additional 363 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Strategic Education in a research note on Tuesday, January 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.00.

Strategic Education Stock Performance

Strategic Education stock opened at $101.72 on Friday. The company has a 50 day moving average price of $96.94 and a 200 day moving average price of $94.84. Strategic Education, Inc. has a 52 week low of $85.11 and a 52 week high of $123.62. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.22 and a beta of 0.59.

Strategic Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Monday, December 2nd. Strategic Education’s dividend payout ratio is 45.71%.

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.