First Trust Advisors LP cut its stake in shares of Capella Education Co. (NASDAQ:CPLA) by 88.9% during the second quarter, Holdings Channel reports. The institutional investor owned 4,199 shares of the company’s stock after selling 33,685 shares during the period. First Trust Advisors LP’s holdings in Capella Education were worth $221,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. Makaira Partners LLC purchased a new position in Capella Education during the first quarter valued at about $36,666,000. Prudential Financial Inc. boosted its position in Capella Education by 157.4% in the first quarter. Prudential Financial Inc. now owns 83,482 shares of the company’s stock valued at $4,394,000 after buying an additional 51,051 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Capella Education during the second quarter valued at about $1,635,000. Panagora Asset Management Inc. boosted its position 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 in the last quarter. Finally, GSA Capital Partners LLP boosted its position in Capella Education by 30.9% in the second quarter. GSA Capital Partners LLP now owns 80,093 shares of the company’s stock valued at $4,216,000 after buying an additional 18,913 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.
Capella Education Co. (NASDAQ:CPLA) traded up 0.79% during trading on Tuesday, reaching $58.97. 4,027 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $58.72 and a 200 day moving average price of $55.52. The firm has a market capitalization of $681.87 million, a price-to-earnings ratio of 18.29 and a beta of 1.05. Capella Education Co. has a 52 week low of $39.06 and a 52 week high of $63.01.
Capella Education (NASDAQ:CPLA) last announced its earnings results on Tuesday, July 26th. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by $0.05. The business had revenue of $106.70 million for the quarter, compared to analysts’ expectations of $105.93 million. Capella Education had a return on equity of 20.80% and a net margin of 9.12%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts forecast that Capella Education Co. will post $3.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, August 26th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.67%. Capella Education’s dividend payout ratio (DPR) is presently 48.30%.
CPLA has been the subject of several analyst reports. Zacks Investment Research cut shares of Capella Education from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Credit Suisse Group AG reiterated a “buy” rating and issued a $70.00 target price on shares of Capella Education in a research note on Monday, September 19th. Finally, Barrington Research upped 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $59.80.
In other news, CFO Steven L. Polacek sold 2,894 shares of the firm’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 transaction of $179,428.00. Following the transaction, the chief financial officer now directly owns 43,355 shares in the company, valued at $2,688,010. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO J Kevin Gilligan sold 16,892 shares of the firm’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 transaction of $1,000,513.16. Following the transaction, the chief executive officer now owns 69,705 shares in the company, valued at $4,128,627.15. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.
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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