AlphaQuest LLC Decreases Stake in Perdoceo Education Co. (NASDAQ:PRDO)

AlphaQuest LLC reduced its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,577 shares of the company's stock after selling 13,435 shares during the quarter. AlphaQuest LLC's holdings in Perdoceo Education were worth $227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Seizert Capital Partners LLC boosted its position in Perdoceo Education by 14.2% during the fourth quarter. Seizert Capital Partners LLC now owns 253,303 shares of the company's stock worth $6,705,000 after acquiring an additional 31,418 shares during the last quarter. Atria Investments Inc lifted its stake in Perdoceo Education by 3.6% in the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company's stock worth $288,000 after purchasing an additional 375 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Perdoceo Education by 7.5% during the 4th quarter. Assetmark Inc. now owns 104,959 shares of the company's stock worth $2,778,000 after purchasing an additional 7,333 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Perdoceo Education by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 950,573 shares of the company's stock worth $25,162,000 after purchasing an additional 5,748 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Perdoceo Education in the fourth quarter valued at approximately $217,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Insider Activity

In other news, SVP John Robert Kline sold 12,148 shares of the 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 sale, the senior vice president now owns 130,405 shares of the company's stock, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd S. Nelson sold 12,472 shares of Perdoceo Education stock in a transaction that occurred on 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 of the company's stock, valued at $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 equities analysts have weighed in on PRDO shares. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research boosted their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th.

Perdoceo Education Trading Up 2.2 %

PRDO traded up $0.53 during trading hours on Wednesday, reaching $24.81. The company's stock had a trading volume of 463,000 shares, compared to its average volume of 483,041. The stock has a market cap of $1.64 billion, a PE ratio of 11.28, a P/E/G ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week 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. The business's 50-day moving average is $26.94 and its 200-day moving average is $25.10.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $160.12 million. As a group, equities research analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.10%. Perdoceo Education's dividend payout ratio is currently 23.64%.

Perdoceo Education 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.