Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Capella Education Company (NASDAQ:CPLA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,316 shares of the company’s stock, valued at approximately $198,000.
Other hedge funds have also modified their holdings of the company. M&T Bank Corp grew its holdings in shares of Capella Education by 5.0% during the first quarter. M&T Bank Corp now owns 3,157 shares of the company’s stock valued at $268,000 after buying an additional 150 shares in the last quarter. Swiss National Bank grew its holdings in shares of Capella Education by 3.3% during the first quarter. Swiss National Bank now owns 19,000 shares of the company’s stock valued at $1,615,000 after buying an additional 600 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Capella Education by 23.8% during the first quarter. State of Tennessee Treasury Department now owns 10,776 shares of the company’s stock valued at $916,000 after buying an additional 2,071 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Capella Education by 10.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 108,403 shares of the company’s stock valued at $9,217,000 after buying an additional 10,406 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Capella Education by 1.1% during the first quarter. Gotham Asset Management LLC now owns 27,200 shares of the company’s stock valued at $2,313,000 after buying an additional 286 shares in the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.
A number of analysts recently issued reports on the company. BidaskClub cut Capella Education from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BMO Capital Markets reduced their price objective on Capella Education from $86.00 to $79.45 and set an “outperform” rating for the company in a research report on Wednesday, July 26th. Barrington Research reduced their price objective on Capella Education from $98.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, July 25th. Finally, Zacks Investment Research cut Capella Education from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.69.
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Shares of Capella Education Company (CPLA) opened at 67.35 on Wednesday. The company’s 50-day moving average price is $68.51 and its 200-day moving average price is $81.74. The firm has a market cap of $786.04 million, a PE ratio of 17.39 and a beta of 0.47. Capella Education Company has a 52-week low of $56.88 and a 52-week high of $99.25.
Capella Education (NASDAQ:CPLA) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.10. Capella Education had a net margin of 10.49% and a return on equity of 20.23%. The company had revenue of $109.60 million during the quarter, compared to the consensus estimate of $109.89 million. During the same period in the prior year, the business posted $0.93 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Capella Education Company will post $3.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.44%. Capella Education’s dividend payout ratio is 42.38%.
In other news, CEO J Kevin Gilligan sold 2,000 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $85.58, for a total transaction of $171,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 12,000 shares of company stock valued at $1,022,300. Company insiders own 3.56% of the company’s stock.
About Capella Education
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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