Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP Elise Baskel sold 17,818 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total transaction of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares in the company, valued at approximately $2,255,432.64. This trade represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Perdoceo Education Stock Up 0.4 %
PRDO opened at $24.58 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 stock has a market cap of $1.62 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a twelve month low of $16.56 and a twelve month high of $29.84. The company's 50-day moving average price is $26.85 and its two-hundred day moving average price is $25.11.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million for the quarter, compared to analysts' expectations of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. As a group, equities analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.
Perdoceo Education Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education's payout ratio is 23.64%.
Analyst Ratings Changes
Several research firms recently weighed in on PRDO. 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 stock an "outperform" rating in a report on Wednesday, February 19th.
Get Our Latest Research Report on Perdoceo Education
Institutional Trading of Perdoceo Education
A number of institutional investors have recently modified their holdings of PRDO. Smartleaf Asset Management LLC lifted its stake in shares of Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after buying an additional 913 shares in the last quarter. Quarry LP lifted its stake in shares of Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after buying an additional 1,239 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Perdoceo Education during the 4th quarter valued at approximately $60,000. KBC Group NV lifted its stake in shares of Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after buying an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after buying an additional 1,355 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Perdoceo Education Company Profile
(
Get Free Report)
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.
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