Perdoceo Education Co. (NASDAQ:PRDO) Director Patrick W. Gross Sells 3,400 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) 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 in the company, valued at approximately $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Perdoceo Education Trading Up 0.1 %

PRDO stock opened at $26.43 on Thursday. The company has a market cap of $1.74 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.04. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The stock has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $22.53.

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

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 1.97%. The ex-dividend date is Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Hedge Funds Weigh In On Perdoceo Education

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after purchasing an additional 492 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Perdoceo Education by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company’s stock worth $707,000 after buying an additional 500 shares during the period. Royce & Associates LP lifted its holdings in Perdoceo Education by 1.0% in the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after buying an additional 807 shares in the last quarter. ProShare Advisors LLC boosted its position in Perdoceo Education by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,180 shares of the company’s stock valued at $231,000 after buying an additional 906 shares during the last quarter. Finally, Lakewood Asset Management LLC grew its stake in shares of Perdoceo Education by 8.7% during the third quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company’s stock valued at $340,000 after acquiring an additional 1,219 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PRDO shares. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

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.