BlackRock, Inc recently revealed that they own a 10.1% stake in Capella Education Co. (NASDAQ:CPLA) in a Schedule 13G/A disclosure that was filed with the Securities and Exchange Commission on Friday, October 7th. The investor owns 1,164,422 shares of the stock worth $68,409,793. The filing is available through Edgar at this hyperlink.
Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Capella Education by 2.5% in the second quarter. American Century Companies Inc. now owns 66,353 shares of the company’s stock valued at $3,493,000 after buying an additional 1,620 shares during the period. Strs Ohio increased its stake in shares of Capella Education by 2.9% in the second quarter. Strs Ohio now owns 14,400 shares of the company’s stock valued at $758,000 after buying an additional 400 shares during the period. HL Financial Services LLC increased its stake in shares of Capella Education by 12.5% in the second quarter. HL Financial Services LLC now owns 28,734 shares of the company’s stock valued at $1,513,000 after buying an additional 3,183 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Capella Education by 117.0% in the second quarter. BNP Paribas Arbitrage SA now owns 3,541 shares of the company’s stock valued at $186,000 after buying an additional 1,909 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of Capella Education by 29.5% in the first quarter. Panagora Asset Management Inc. now owns 91,529 shares of the company’s stock valued at $4,818,000 after buying an additional 20,848 shares during the period. 90.37% of the stock is owned by institutional investors and hedge funds.
Shares of Capella Education Co. (NASDAQ:CPLA) traded down 0.71% during trading on Friday, hitting $58.75. The company had a trading volume of 43,640 shares. The firm has a market capitalization of $679.33 million, a P/E ratio of 18.22 and a beta of 1.05. The company’s 50 day moving average is $59.12 and its 200 day moving average is $55.15. Capella Education Co. has a 1-year low of $39.06 and a 1-year high of $63.01.
Capella Education (NASDAQ:CPLA) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Capella Education had a net margin of 9.12% and a return on equity of 20.80%. The company earned $106.70 million during the quarter, compared to the consensus estimate of $105.93 million. During the same quarter in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts anticipate that Capella Education Co. will post $3.49 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, August 26th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.56 annualized dividend and a yield of 2.66%. Capella Education’s payout ratio is currently 48.30%.
Several brokerages have recently commented on CPLA. Barrington Research raised their price objective on shares of Capella Education from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Zacks Investment Research raised shares of Capella Education from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Capella Education in a report on Thursday, September 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Capella Education currently has a consensus rating of “Buy” and a consensus target price of $59.80.
In other Capella Education news, CEO J Kevin Gilligan sold 16,892 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $59.23, for a total value of $1,000,513.16. Following the completion of the sale, the chief executive officer now owns 69,705 shares in the company, valued at $4,128,627.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven L. Polacek sold 2,894 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $62.00, for a total value of $179,428.00. Following the completion of the sale, the chief financial officer now owns 43,355 shares of the company’s stock, valued at approximately $2,688,010. The disclosure for this sale can be found here. 6.50% of the stock is owned by company insiders.
Capella Education Company Profile
Capella Education Company is an online postsecondary education services company. The Company’s academic programs are delivered through its subsidiary, Capella University (the University), which is an online academic institution offering online postsecondary education services primarily to working adults.
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