Rice Hall James & Associates LLC decreased its position in Capella Education Co. (NASDAQ:CPLA) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 27,536 shares of the company’s stock after selling 658 shares during the period. Rice Hall James & Associates LLC’s holdings in Capella Education were worth $1,449,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in CPLA. Royce & Associates LP raised its stake in Capella Education by 8.8% in the first quarter. Royce & Associates LP now owns 936,971 shares of the company’s stock valued at $49,322,000 after buying an additional 75,900 shares during the period. Makaira Partners LLC bought a new stake in Capella Education during the first quarter valued at $36,666,000. BlackRock Institutional Trust Company N.A. raised its stake in Capella Education by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 296,247 shares of the company’s stock valued at $15,594,000 after buying an additional 4,513 shares during the period. Norges Bank bought a new stake in Capella Education during the fourth quarter valued at $7,941,000. Finally, Panagora Asset Management Inc. raised its stake in 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. Hedge funds and other institutional investors own 90.37% of the company’s stock.
Capella Education Co. (NASDAQ:CPLA) traded down 0.71% during mid-day trading on Friday, hitting $58.75. The stock had a trading volume of 43,640 shares. Capella Education Co. has a one year low of $39.06 and a one year high of $63.01. The stock’s 50 day moving average price is $59.08 and its 200 day moving average price is $55.20. The firm has a market capitalization of $679.33 million, a price-to-earnings ratio of 18.22 and a beta of 1.05.
Capella Education (NASDAQ:CPLA) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by $0.05. The firm had revenue of $106.70 million for the quarter, compared to the consensus estimate of $105.93 million. Capella Education had a return on equity of 20.80% and a net margin of 9.12%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. Analysts forecast that Capella Education Co. will post $3.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, August 26th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.66%. Capella Education’s payout ratio is presently 48.30%.
CPLA has been the subject of several analyst reports. Zacks Investment Research lowered Capella Education from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Capella Education in a research report on Thursday, September 1st. Finally, Barrington Research lifted their price target on Capella Education from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Capella Education presently has a consensus rating of “Buy” and an average target price of $59.80.
In related news, Director Darrell R. Tukua sold 5,000 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $61.23, for a total transaction of $306,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven L. Polacek sold 2,894 shares of the 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 transaction, the chief financial officer now directly owns 43,355 shares of the company’s stock, valued at $2,688,010. The disclosure for this sale can be found here. Corporate insiders own 6.50% of the company’s stock.
About Capella Education
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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