Riverwater Partners LLC Purchases New Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Riverwater Partners LLC acquired a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,970 shares of the company’s stock, valued at approximately $264,000.

Several other large investors also recently added to or reduced their stakes in the stock. Integrated Quantitative Investments LLC purchased a new stake in shares of Perdoceo Education in the 4th quarter valued at approximately $1,706,000. ExodusPoint Capital Management LP grew its position in Perdoceo Education by 23.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 67,937 shares of the company’s stock worth $1,798,000 after acquiring an additional 13,052 shares during the period. Trexquant Investment LP increased its stake in Perdoceo Education by 170.5% during the fourth quarter. Trexquant Investment LP now owns 121,679 shares of the company’s stock worth $3,221,000 after acquiring an additional 76,703 shares during the last quarter. Geode Capital Management LLC raised its position in Perdoceo Education by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company’s stock valued at $48,129,000 after purchasing an additional 14,591 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Perdoceo Education by 63.0% in the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company’s stock valued at $18,182,000 after purchasing an additional 265,401 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Barrington Research boosted their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares of the company’s stock, valued at $15,882,199.02. This trade represents a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ashish R. Ghia sold 35,677 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total value of $921,536.91. Following the transaction, the chief financial officer now directly owns 204,477 shares of the company’s stock, valued at approximately $5,281,640.91. This represents a 14.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,839 shares of company stock valued at $3,087,966. 1.81% of the stock is currently owned by company insiders.

Perdoceo Education Trading Down 1.7 %

PRDO opened at $25.49 on Friday. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.68 billion, a P/E ratio of 11.59, a P/E/G ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The business has a fifty day simple moving average of $26.47 and a 200-day simple moving average of $25.41.

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

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. Perdoceo Education’s dividend payout ratio (DPR) is 23.64%.

About Perdoceo Education

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.