John Robert Kline Sells 12,148 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

John Robert Kline also recently made the following trade(s):

• On Friday, November 15th, John Robert Kline sold 30,574 shares of Perdoceo Education stock. The shares were sold at an average price of $26.47, for a total value of $809,293.78.

Perdoceo Education Trading Up 2.7 %

Shares of PRDO stock traded up $0.69 during trading hours on Wednesday, hitting $26.38. 713,820 shares of the company were exchanged, compared to its average volume of 443,264. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $29.47. The firm has a fifty day simple moving average of $26.22 and a 200 day simple moving average of $23.57. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.81 and a beta of 1.06.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million during the quarter, compared to the consensus estimate of $164.60 million. During the same period last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PRDO. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 8th. Barrington Research increased their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Perdoceo Education

Several large investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its stake in shares of Perdoceo Education by 24.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock valued at $56,766,000 after buying an additional 518,048 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Perdoceo Education during the third quarter worth $9,374,000. Millennium Management LLC lifted its position in shares of Perdoceo Education by 944.8% during the second quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock worth $5,283,000 after acquiring an additional 223,050 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Perdoceo Education in the second quarter worth $2,519,000. Finally, Renaissance Technologies LLC grew its position in shares of Perdoceo Education by 2.5% in the second quarter. Renaissance Technologies LLC now owns 4,505,687 shares of the company’s stock valued at $96,512,000 after purchasing an additional 107,918 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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.