Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson Sells 38,984 Shares

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 38,984 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the sale, the chief executive officer now owns 644,047 shares in the company, valued at $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Perdoceo Education Stock Performance

Shares of PRDO opened at $25.29 on Tuesday. The company has a 50-day moving average of $26.83 and a two-hundred day moving average of $25.18. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a one year low of $16.56 and a one year high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. On average, equities research analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.06%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio is currently 23.64%.

Hedge Funds Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after purchasing an additional 913 shares during the period. Quarry LP lifted its position in Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after buying an additional 1,239 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Perdoceo Education during the 4th quarter valued at $60,000. KBC Group NV grew its holdings in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after acquiring an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PRDO. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Barrington Research boosted their target price on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.