Phoenix Education Partners, Inc. (PXED) to Distribute Quarterly Dividend of $0.23 on November 27th

Phoenix Education Partners, Inc. (NYSE:PXED) announced a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 13th will be given a dividend of $0.23 per share on Friday, November 27th. This represents a $0.92 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 13th. This is a 9.5% increase from Phoenix Education Partners’s previous quarterly dividend of $0.21.

Phoenix Education Partners Price Performance

NYSE PXED remained flat at $19.22 on Wednesday. 11,071 shares of the company’s stock traded hands, compared to its average volume of 104,498. The business has a 50 day simple moving average of $25.13 and a two-hundred day simple moving average of $28.58. The stock has a market capitalization of $704.99 million and a P/E ratio of 8.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 2.10. Phoenix Education Partners has a 1 year low of $18.80 and a 1 year high of $35.90.

Phoenix Education Partners (NYSE:PXED) last issued its earnings results on Tuesday, November 3rd. The company reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. The company had revenue of $260.68 million during the quarter. Phoenix Education Partners had a return on equity of 55.76% and a net margin of 8.74%. Analysts predict that Phoenix Education Partners will post 3.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider John Woods sold 19,453 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $25.89, for a total transaction of $503,638.17. Following the completion of the sale, the insider directly owned 62,682 shares in the company, valued at approximately $1,622,836.98. This represents a 23.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 20,703 shares of company stock valued at $534,904. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Phoenix Education Partners

A number of large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in Phoenix Education Partners during the second quarter worth $26,000. Legal & General Group Plc acquired a new position in shares of Phoenix Education Partners during the 2nd quarter worth $64,000. State of Alaska Department of Revenue bought a new stake in shares of Phoenix Education Partners during the 3rd quarter worth $51,000. State of Wyoming bought a new stake in shares of Phoenix Education Partners during the 2nd quarter worth $78,000. Finally, Walleye Capital LLC lifted its position in shares of Phoenix Education Partners by 23.7% during the 1st quarter. Walleye Capital LLC now owns 16,162 shares of the company’s stock worth $508,000 after buying an additional 3,097 shares during the last quarter.

About Phoenix Education Partners

Phoenix Education Partners, Inc. is a higher education company focused on serving working adults and other nontraditional students. Through the University of Phoenix, its principal operating institution, the company provides career-oriented undergraduate and graduate degree programs, professional certificates, and other educational offerings. The University of Phoenix primarily delivers instruction through online learning, with programs designed to offer flexible scheduling for students balancing education with employment and other responsibilities.