Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia Sells 6,236 Shares

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction that occurred 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 approximately $6,303,250. The trade was a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Perdoceo Education Trading Up 0.2 %

NASDAQ PRDO traded up $0.05 on Wednesday, hitting $25.25. 323,305 shares of the company were exchanged, compared to its average volume of 442,513. 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 $26.80 and its 200-day moving average price is $25.21. The firm has a market capitalization of $1.66 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal 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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.64%.

Hedge Funds Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently modified their holdings of PRDO. First Trust Advisors LP boosted its position in Perdoceo Education by 7.9% during the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock valued at $87,251,000 after purchasing an additional 241,147 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Perdoceo Education by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company’s stock valued at $48,129,000 after buying an additional 14,591 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Perdoceo Education in the fourth quarter worth approximately $47,129,000. Frontier Capital Management Co. LLC raised its position in Perdoceo Education by 5.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company’s stock valued at $46,042,000 after acquiring an additional 85,100 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Perdoceo Education by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock worth $43,072,000 after acquiring an additional 79,686 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PRDO has been the topic of a number of research reports. Barrington Research boosted their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.