Sit Investment Associates Inc. cut its stake in Capella Education Company (NASDAQ:CPLA) by 25.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 16,475 shares of the company’s stock after selling 5,600 shares during the period. Sit Investment Associates Inc. owned about 0.14% of Capella Education worth $1,410,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Comerica Bank boosted its stake in shares of Capella Education by 4.9% in the fourth quarter. Comerica Bank now owns 12,197 shares of the company’s stock valued at $1,059,000 after buying an additional 565 shares during the period. State Street Corp boosted its stake in shares of Capella Education by 8.8% in the fourth quarter. State Street Corp now owns 293,779 shares of the company’s stock valued at $25,794,000 after buying an additional 23,814 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Capella Education by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 477,028 shares of the company’s stock valued at $41,883,000 after buying an additional 3,349 shares during the period. FMR LLC boosted its stake in shares of Capella Education by 21.4% in the fourth quarter. FMR LLC now owns 36,900 shares of the company’s stock valued at $3,240,000 after buying an additional 6,500 shares during the period. Finally, Guggenheim Capital LLC acquired a new stake in shares of Capella Education during the fourth quarter valued at $1,219,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
Shares of Capella Education Company (NASDAQ CPLA) opened at 87.95 on Friday. Capella Education Company has a 52 week low of $56.02 and a 52 week high of $99.25. The firm has a market cap of $1.02 billion, a PE ratio of 23.15 and a beta of 0.53. The firm has a 50-day moving average of $86.67 and a 200 day moving average of $85.55.
Capella Education (NASDAQ:CPLA) last issued its earnings results on Tuesday, April 25th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $111.80 million during the quarter, compared to analyst estimates of $111.19 million. Capella Education had a net margin of 10.31% and a return on equity of 21.04%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. Equities research analysts predict that Capella Education Company will post $3.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Wednesday, May 24th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $1.64 dividend on an annualized basis and a yield of 1.86%. Capella Education’s dividend payout ratio is presently 43.27%.
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CPLA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Capella Education from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, April 18th. Barrington Research lifted their price objective on shares of Capella Education from $85.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $90.20.
In other news, Director Michael Linton sold 625 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $94.23, for a total value of $58,893.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO J Kevin Gilligan sold 2,000 shares of the stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $84.01, for a total transaction of $168,020.00. The disclosure for this sale can be found here. Insiders have sold 27,262 shares of company stock valued at $2,435,996 in the last quarter. Company insiders own 3.56% of the company’s stock.
Capella Education Company Profile
Capella Education Company is an education services company. The Company provides direct path between learning and employment through its online postsecondary education offerings and through programs to develop job-ready skills for demand markets. The company’s segments include post-secondary segment and job-ready skills segment.
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