Perdoceo Education Co. (NASDAQ:PRDO) Stake Lessened by Bridgewater Associates LP

Bridgewater Associates LP reduced its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 71.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,685 shares of the company's stock after selling 29,351 shares during the period. Bridgewater Associates LP's holdings in Perdoceo Education were worth $309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after acquiring an additional 913 shares during the period. R Squared Ltd acquired a new stake in Perdoceo Education during the 4th quarter valued at $60,000. KBC Group NV lifted its holdings in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after buying an additional 1,355 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Perdoceo Education during the fourth quarter valued at about $172,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PRDO shares. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research increased their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Insider Buying and Selling at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 35,677 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total transaction of $921,536.91. Following the completion of the transaction, the chief financial officer now owns 204,477 shares of the company's stock, valued at $5,281,640.91. This trade represents a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Elise Baskel sold 17,818 shares of Perdoceo Education stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now directly owns 93,354 shares in the company, valued at approximately $2,255,432.64. The trade was a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,691 shares of company stock valued at $2,774,669. Company insiders own 1.81% of the company's stock.

Perdoceo Education Stock Performance

PRDO traded up $0.64 on Tuesday, hitting $24.88. 760,203 shares of the company's stock were exchanged, compared to its average volume of 478,100. 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 stock has a fifty day moving average of $25.62 and a two-hundred day moving average of $25.73. Perdoceo Education Co. has a twelve month low of $17.57 and a twelve month high of $29.84. The firm has a market cap of $1.63 billion, a PE ratio of 11.31, a P/E/G ratio of 0.75 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping 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 business had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. On average, research analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.09%. Perdoceo Education's dividend payout ratio is presently 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.