Perdoceo Education Co. (NASDAQ:PRDO) SVP Elise Baskel Sells 17,818 Shares

Perdoceo Education Co. (NASDAQ:PRDO) SVP Elise Baskel sold 17,818 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the completion of the transaction, the senior vice president now owns 93,354 shares in the company, valued at approximately $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Perdoceo Education Trading Up 0.4 %

PRDO opened at $24.58 on Friday. Perdoceo Education Co. has a 1-year low of $16.56 and a 1-year high of $29.84. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.62 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The company has a fifty day moving average price of $26.85 and a two-hundred day moving average price of $25.11.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.64%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PRDO. Barrington Research boosted their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. StockNews.com raised 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 hedge funds and other institutional investors have recently made changes to their positions in PRDO. Smartleaf Asset Management LLC increased its position in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after acquiring an additional 913 shares in the last quarter. Quarry LP increased its position in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company’s stock worth $47,000 after acquiring an additional 1,239 shares in the last quarter. R Squared Ltd bought a new stake in shares of Perdoceo Education during the fourth quarter worth about $60,000. KBC Group NV increased its position in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after acquiring an additional 1,355 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

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.