Phoenix Education Partners, Inc. (PXED) To Go Ex-Dividend on November 23rd

Phoenix Education Partners, Inc. (NYSE:PXED) declared a dividend on Wednesday, November 11th. Investors of record on Monday, November 23rd will be given a dividend of $2.36 per share on Friday, December 4th. The ex-dividend date is Monday, November 23rd.

Phoenix Education Partners Stock Down 2.1%

PXED stock traded down $0.42 during midday trading on Friday, hitting $19.11. The company’s stock had a trading volume of 209,223 shares, compared to its average volume of 105,554. The company’s fifty day moving average price is $24.72 and its 200 day moving average price is $28.46. 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 twelve month low of $18.75 and a twelve month high of $35.90. The stock has a market capitalization of $700.99 million and a P/E ratio of 8.35.

Phoenix Education Partners (NYSE:PXED) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Phoenix Education Partners had a return on equity of 55.76% and a net margin of 8.74%. The company had revenue of $260.68 million during the quarter. As a group, equities research analysts predict that Phoenix Education Partners will post 3.76 EPS for the current year.

Insider Activity at Phoenix Education Partners

In related news, insider John Woods sold 19,453 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 62,682 shares of the company’s stock, valued at approximately $1,622,836.98. The trade was a 23.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. In the last ninety days, insiders sold 20,703 shares of company stock worth $534,904. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Phoenix Education Partners

Several hedge funds have recently added to or reduced their stakes in the business. Heartland Advisors Inc. raised its position in shares of Phoenix Education Partners by 532.3% in the third quarter. Heartland Advisors Inc. now owns 461,575 shares of the company’s stock valued at $11,738,000 after purchasing an additional 388,570 shares during the period. Meeder Asset Management Inc. lifted its stake in shares of Phoenix Education Partners by 361.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 26,791 shares of the company’s stock worth $681,000 after buying an additional 20,980 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Phoenix Education Partners during the 3rd quarter worth about $6,012,000. Royce & Associates LP bought a new stake in shares of Phoenix Education Partners during the 3rd quarter worth about $2,172,000. Finally, State of Wyoming grew its stake in Phoenix Education Partners by 446.3% in the 3rd quarter. State of Wyoming now owns 12,980 shares of the company’s stock valued at $330,000 after buying an additional 10,604 shares during the last quarter.

Phoenix Education Partners Company Profile

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.