Wells Fargo & Company MN grew its position in shares of China Distance Education Holdings Ltd (NYSE:DL) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 664,988 shares of the technology company’s stock after purchasing an additional 120,000 shares during the period. Wells Fargo & Company MN owned 2.02% of China Distance Education worth $4,462,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in DL. State Street Corp boosted its stake in shares of China Distance Education by 29.6% during the 2nd quarter. State Street Corp now owns 38,439 shares of the technology company’s stock worth $343,000 after purchasing an additional 8,776 shares during the last quarter. Dalton Investments LLC acquired a new stake in shares of China Distance Education during the 3rd quarter worth about $682,000. Finally, Sensato Investors LLC boosted its stake in shares of China Distance Education by 1.7% during the 2nd quarter. Sensato Investors LLC now owns 362,751 shares of the technology company’s stock worth $3,236,000 after purchasing an additional 6,100 shares during the last quarter. 19.48% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised shares of China Distance Education from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
The company also recently declared a special dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, January 11th. China Distance Education’s dividend payout ratio is currently 97.83%.
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About China Distance Education
China Distance Education Holdings Limited is a holding company. The Company is engaged in providing online and offline education services, and selling related products in the People’s Republic of China (PRC). The Company’s segments include online education services, business start-up training services and the sale of learning simulation software.
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