Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CEO Todd S. Nelson sold 38,984 shares of Perdoceo Education stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the completion of the sale, the chief executive officer now owns 644,047 shares of the company's stock, valued at $15,882,199.02. This trade represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Perdoceo Education Stock Up 2.9 %
Shares of Perdoceo Education stock opened at $25.29 on Tuesday. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. 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 50 day moving average price of $26.83 and a two-hundred day moving average price of $25.18. The stock has a market capitalization of $1.67 billion, a P/E ratio of 11.50, a PEG ratio of 0.75 and a beta of 1.04.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.50 EPS 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 the consensus estimate of $160.12 million. Equities analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.
Perdoceo Education Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend 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 Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its stake in shares of Perdoceo Education by 227.1% in the fourth 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 grew its position in Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after purchasing an additional 1,239 shares during the last quarter. R Squared Ltd bought a new position in shares of Perdoceo Education during the 4th quarter worth about $60,000. KBC Group NV raised its position 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 buying an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake 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 buying an additional 1,355 shares during the period. 93.46% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PRDO. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research boosted their price target on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th.
View Our Latest Analysis on Perdoceo Education
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
