Phoenix Education Partners, Inc. (NYSE:PXED) Shareholders to Collect $2.36 Dividend

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

Phoenix Education Partners Trading Down 2.1%

Shares of PXED traded down $0.42 during trading hours on Friday, hitting $19.11. The company had a trading volume of 209,223 shares, compared to its average volume of 105,554. Phoenix Education Partners has a 52-week low of $18.75 and a 52-week high of $35.90. The firm has a market cap of $700.99 million and a P/E ratio of 8.35. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $24.72 and its 200 day moving average price is $28.46.

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

Insider Buying and Selling

In other Phoenix Education Partners news, insider John Woods sold 19,453 shares of the stock in a transaction on Friday, October 9th. The shares were 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 $1,622,836.98. This trade represents a 23.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 worth $534,904. Insiders own 5.00% of the company’s stock.

Institutional Trading of Phoenix Education Partners

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in Phoenix Education Partners in the second quarter valued at $26,000. Legal & General Group Plc bought a new position in Phoenix Education Partners during the second quarter valued at approximately $64,000. State of Alaska Department of Revenue bought a new position in Phoenix Education Partners in the 3rd quarter worth approximately $51,000. State of Wyoming acquired a new position in shares of Phoenix Education Partners during the second quarter valued at $78,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Phoenix Education Partners in the second quarter worth $191,000.

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.