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Legal & General Group Plc Buys 215 Shares of Capella Education Company (CPLA)
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Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Capella Education by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 1,270 shares of the company’s stock worth $107,000 after buying an additional 20 shares during the period. Sei Investments Co. increased its position in shares of Capella Education by 3.4% in the first quarter. Sei Investments Co. now owns 2,428 shares of the company’s stock worth $207,000 after buying an additional 79 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Capella Education by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 4,700 shares of the company’s stock worth $400,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its position in shares of Capella Education by 1.7% in the first quarter. Arizona State Retirement System now owns 6,039 shares of the company’s stock worth $513,000 after buying an additional 100 shares during the period. Finally, M&T Bank Corp increased its position in shares of Capella Education by 5.0% in the first quarter. M&T Bank Corp now owns 3,157 shares of the company’s stock worth $268,000 after buying an additional 150 shares during the period. Institutional investors own 91.12% of the company’s stock.
Capella Education Company (CPLA) opened at 88.05 on Friday. Capella Education Company has a 1-year low of $56.02 and a 1-year high of $99.25. The firm has a 50-day moving average price of $86.67 and a 200 day moving average price of $85.55. The company has a market capitalization of $1.02 billion, a P/E ratio of 23.18 and a beta of 0.53.
Capella Education (NASDAQ:CPLA) last announced its quarterly earnings results on Tuesday, April 25th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.07. The company had revenue of $111.80 million during the quarter, compared to analysts’ expectations of $111.19 million. Capella Education had a return on equity of 21.04% and a net margin of 10.31%. Capella Education’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. On average, equities analysts predict that Capella Education Company will post $3.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Wednesday, May 24th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, May 22nd. Capella Education’s dividend payout ratio is currently 43.27%.
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A number of brokerages recently issued reports on CPLA. Zacks Investment Research downgraded Capella Education from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Barrington Research boosted their price objective on Capella Education from $85.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $90.20.
In related news, Director Michael Linton sold 625 shares of Capella Education stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $94.23, for a total transaction of $58,893.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Kevin Gilligan sold 2,000 shares of Capella Education stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $88.79, for a total value of $177,580.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,262 shares of company stock valued at $2,435,996. 3.56% of the stock is owned by company insiders.
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.