Denali Advisors LLC Purchases 51,900 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Denali Advisors LLC grew its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 203,100 shares of the company’s stock after acquiring an additional 51,900 shares during the quarter. Denali Advisors LLC owned 0.31% of Perdoceo Education worth $5,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PRDO. Blue Trust Inc. boosted its holdings in 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 during the last quarter. Farther Finance Advisors LLC lifted its position in Perdoceo Education by 3,465.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock worth $140,000 after buying an additional 6,099 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Perdoceo Education by 8.1% during the 3rd quarter. Assetmark Inc. now owns 97,626 shares of the company’s stock worth $2,171,000 after buying an additional 7,328 shares during the last quarter. Atria Investments Inc bought a new position in shares of Perdoceo Education in the 3rd quarter valued at about $234,000. Finally, Victory Capital Management Inc. increased its position in shares of Perdoceo Education by 71.3% in the third quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock valued at $1,642,000 after acquiring an additional 30,725 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on PRDO. Barrington Research increased their price target on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Perdoceo Education Stock Down 2.4 %

Perdoceo Education stock opened at $25.49 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The company’s 50-day moving average is $27.29 and its 200-day moving average is $24.84. The firm has a market capitalization of $1.68 billion, a PE ratio of 11.59, a P/E/G ratio of 0.75 and a beta of 1.06. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $160.12 million. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education’s dividend payout ratio is 23.64%.

Insiders Place Their Bets

In other news, SVP John Robert Kline sold 12,148 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the sale, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd S. Nelson sold 12,472 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the completion of the transaction, the chief executive officer now owns 615,697 shares in the company, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.81% of the company’s stock.

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.