Callodine Capital Management LP Purchases 95,036 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Callodine Capital Management LP grew its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 556,245 shares of the company's stock after purchasing an additional 95,036 shares during the quarter. Perdoceo Education comprises about 3.0% of Callodine Capital Management LP's portfolio, making the stock its 12th biggest holding. Callodine Capital Management LP owned about 0.85% of Perdoceo Education worth $14,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after acquiring an additional 913 shares during the last quarter. R Squared Ltd bought a new position in Perdoceo Education during the fourth quarter worth about $60,000. KBC Group NV increased its position in 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 buying an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Perdoceo Education by 53.8% in the fourth 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 period. Finally, Quantbot Technologies LP acquired a new stake in shares of Perdoceo Education in the fourth quarter valued at approximately $172,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Transactions at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 6,236 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the sale, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at $6,303,250. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Todd S. Nelson sold 38,984 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the transaction, the chief executive officer now directly owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. The trade was a 5.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders 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

Shares of NASDAQ PRDO traded down $1.03 during trading hours on Monday, reaching $24.24. 423,636 shares of the stock were exchanged, compared to its average volume of 477,823. The stock's fifty day simple moving average is $25.77 and its 200 day simple moving average is $25.72. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 52 week low of $17.35 and a 52 week high of $29.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results 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. The firm had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Sell-side analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio is currently 23.64%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. 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 report on Wednesday, February 19th.

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.