Perdoceo Education Co. (NASDAQ:PRDO) Shares Purchased by Rothschild Investment LLC

Rothschild Investment LLC lifted its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 360.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,250 shares of the company’s stock after purchasing an additional 66,751 shares during the quarter. Rothschild Investment LLC’s holdings in Perdoceo Education were worth $2,257,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Perdoceo Education by 3,465.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock valued at $140,000 after acquiring an additional 6,099 shares during the period. Assetmark Inc. raised its stake in Perdoceo Education by 8.1% in the 3rd quarter. Assetmark Inc. now owns 97,626 shares of the company’s stock worth $2,171,000 after acquiring an additional 7,328 shares during the last quarter. Atria Investments Inc purchased a new position in Perdoceo Education in the 3rd quarter worth $234,000. Finally, Victory Capital Management Inc. lifted its position in Perdoceo Education by 71.3% during the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock worth $1,642,000 after acquiring an additional 30,725 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Trading Up 0.6 %

Shares of Perdoceo Education stock opened at $26.12 on Tuesday. The stock has a market cap of $1.72 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 0.75 and a beta of 1.07. The firm has a fifty day moving average price of $27.32 and a 200 day moving average price of $24.82. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84. 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 released its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Equities research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The business 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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education’s payout ratio is presently 23.64%.

Insiders Place Their Bets

In other Perdoceo Education news, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction on 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 transaction, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 of the company’s stock, 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. Insiders own 1.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barrington Research increased their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a 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.