Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells 6,236 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 6,236 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the transaction, the chief financial officer now owns 252,130 shares of the company’s stock, valued at $6,303,250. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Perdoceo Education Stock Up 0.2 %

Shares of NASDAQ PRDO opened at $25.25 on Thursday. Perdoceo Education Co. has a 52-week low of $16.56 and a 52-week high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The business has a fifty day moving average of $26.76 and a two-hundred day moving average of $25.21. The stock has a market cap of $1.66 billion, a PE ratio of 11.48, a PEG ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last issued 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. As a group, equities research analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

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

Institutional Trading of Perdoceo Education

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares during the last quarter. Quarry LP raised its stake in shares of Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after acquiring an additional 1,239 shares during the last quarter. R Squared Ltd acquired a new position in shares of Perdoceo Education during the fourth quarter worth approximately $60,000. KBC Group NV grew its stake in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings 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 valued at $103,000 after purchasing an additional 1,355 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PRDO shares. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Barrington Research increased their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th.

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.