Denali Advisors LLC Sells 13,500 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Denali Advisors LLC decreased its position in Perdoceo Education Co. (NASDAQ:PRDO) by 8.2% in the second quarter, Holdings Channel.com reports. The firm owned 151,200 shares of the company’s stock after selling 13,500 shares during the quarter. Denali Advisors LLC’s holdings in Perdoceo Education were worth $3,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PRDO. LSV Asset Management increased its holdings in shares of Perdoceo Education by 59.4% during the first quarter. LSV Asset Management now owns 1,934,961 shares of the company’s stock valued at $33,978,000 after acquiring an additional 721,122 shares in the last quarter. Boston Partners increased its holdings in shares of Perdoceo Education by 979.2% during the first quarter. Boston Partners now owns 750,979 shares of the company’s stock valued at $13,376,000 after acquiring an additional 681,391 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Perdoceo Education by 43.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,217,547 shares of the company’s stock valued at $21,380,000 after acquiring an additional 366,202 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Perdoceo Education during the second quarter valued at $3,634,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Perdoceo Education during the second quarter valued at $2,519,000. 93.46% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at $1,300,992. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Perdoceo Education news, Chairman Gregory L. Jackson sold 26,664 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total value of $605,272.80. Following the transaction, the chairman now directly owns 58,644 shares of the company’s stock, valued at $1,331,218.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele A. Peppers sold 6,476 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares in the company, valued at $1,300,992. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,325 shares of company stock valued at $1,044,656. Insiders own 1.81% of the company’s stock.

Perdoceo Education Stock Performance

NASDAQ PRDO opened at $22.22 on Tuesday. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $26.40. The stock has a 50-day moving average of $22.73 and a 200 day moving average of $21.01. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.65 and a beta of 1.03.

Perdoceo Education (NASDAQ:PRDO) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The company had revenue of $166.74 million during the quarter, compared to the consensus estimate of $160.91 million. During the same period last year, the company earned $0.61 EPS. Perdoceo Education’s revenue for the quarter was down 10.6% on a year-over-year basis. On average, equities analysts predict that Perdoceo Education Co. will post 2.19 earnings per share for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Sunday, September 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.34%. This is an increase from Perdoceo Education’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, August 30th. Perdoceo Education’s dividend payout ratio (DPR) is presently 22.91%.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $30.00 price target on shares of Perdoceo Education in a report on Wednesday, August 21st.

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.