Clifford Capital Partners LLC Lowers Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Clifford Capital Partners LLC cut its position in Perdoceo Education Co. (NASDAQ:PRDO) by 3.2% in the third quarter, HoldingsChannel.com reports. The firm owned 635,402 shares of the company’s stock after selling 20,734 shares during the quarter. Perdoceo Education comprises about 2.8% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 23rd biggest holding. Clifford Capital Partners LLC’s holdings in Perdoceo Education were worth $14,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its stake in Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after buying an additional 1,254 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after acquiring an additional 492 shares during the period. Quest Partners LLC purchased a new stake in shares of Perdoceo Education during the second quarter worth about $39,000. Fifth Third Bancorp raised its stake in Perdoceo Education by 650.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock valued at $40,000 after purchasing an additional 1,633 shares during the period. Finally, Innealta Capital LLC purchased a new position in Perdoceo Education in the 2nd quarter worth approximately $74,000. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Trading Down 1.2 %

Shares of Perdoceo Education stock opened at $27.38 on Wednesday. The firm has a market cap of $1.80 billion, a PE ratio of 13.76, a PEG ratio of 0.81 and a beta of 1.04. The stock has a 50 day moving average of $23.01 and a 200 day moving average of $22.62. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. As a group, equities research analysts forecast that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is 26.13%.

Wall Street Analysts Forecast Growth

PRDO has been the topic of several recent analyst reports. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 22nd. Barrington Research boosted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th.

Insider Activity at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the sale, the director now owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,450 shares of company stock valued at $1,036,206. Insiders own 1.81% of the company’s stock.

Perdoceo Education 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.