Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) CEO Sells $961,345.44 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 38,984 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $961,345.44. Following the sale, the chief executive officer now owns 644,047 shares in the company, valued at $15,882,199.02. This represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Perdoceo Education Stock Up 2.9 %

Shares of Perdoceo Education stock traded up $0.71 on Monday, reaching $25.29. The stock had a trading volume of 569,394 shares, compared to its average volume of 443,451. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84. The company has a 50 day moving average price of $26.85 and a 200 day moving average price of $25.15. 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 capitalization of $1.67 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.75 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS 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 during the quarter, compared to analyst estimates of $160.12 million. As a group, equities research analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. Perdoceo Education’s payout ratio is 23.64%.

Analyst Ratings Changes

Several equities analysts have commented on PRDO shares. Barrington Research upped their price objective 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 upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Institutional Investors Weigh In On Perdoceo Education

Several institutional investors and hedge funds have recently made changes to their positions in PRDO. Castlekeep Investment Advisors LLC purchased a new stake in shares of Perdoceo Education in the 4th quarter valued at $47,129,000. Wellington Management Group LLP acquired a new stake in Perdoceo Education during the 3rd quarter worth about $9,374,000. Boston Partners raised its stake in shares of Perdoceo Education by 41.1% during the 4th quarter. Boston Partners now owns 1,209,899 shares of the company’s stock valued at $32,379,000 after buying an additional 352,470 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Perdoceo Education by 46.1% in the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company’s stock valued at $23,071,000 after buying an additional 275,129 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Perdoceo Education by 7.9% in the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company’s stock worth $87,251,000 after buying an additional 241,147 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.