Prairiewood Capital LLC Decreases Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Prairiewood Capital LLC trimmed its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,568 shares of the company’s stock after selling 3,390 shares during the quarter. Perdoceo Education makes up 0.9% of Prairiewood Capital LLC’s holdings, making the stock its 20th biggest position. Prairiewood Capital LLC’s holdings in Perdoceo Education were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PRDO. Blue Trust Inc. raised its holdings in shares of Perdoceo Education by 38.7% in the 3rd 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 period. Royce & Associates LP increased its position in Perdoceo Education by 1.0% in the third quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after buying an additional 807 shares during the last quarter. Lakewood Asset Management LLC raised its stake in shares of Perdoceo Education by 8.7% in the third quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company’s stock valued at $340,000 after buying an additional 1,219 shares during the period. Quarry LP lifted its position in shares of Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after buying an additional 1,254 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in shares of Perdoceo Education by 7.4% during the 3rd quarter. DGS Capital Management LLC now owns 46,088 shares of the company’s stock worth $1,025,000 after acquiring an additional 3,193 shares during the period. 93.46% of the stock is owned by institutional investors.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO opened at $27.67 on Tuesday. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The stock has a market cap of $1.82 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.06. The stock has a fifty day moving average of $26.79 and a 200-day moving average of $23.89.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million during the quarter, compared to analyst estimates of $164.60 million. During the same quarter in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Monday, December 2nd. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Barrington Research upped their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the transaction, the director now directly owns 69,635 shares in the company, valued at $1,862,039.90. This represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $313,296.92. Following the completion of the sale, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,594 shares of company stock worth $1,541,396 in the last three months. 1.81% of the stock is currently owned by corporate insiders.

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.