Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY trimmed its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 142,886 shares of the company's stock after selling 17,314 shares during the quarter. Perdoceo Education accounts for approximately 0.7% of Clark Estates Inc. NY's investment portfolio, making the stock its 22nd biggest holding. Clark Estates Inc. NY owned 0.22% of Perdoceo Education worth $3,782,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised 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 valued at $34,000 after acquiring an additional 913 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Perdoceo Education in the 4th quarter valued at approximately $60,000. KBC Group NV grew its stake in shares of Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after buying an additional 1,190 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of 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 period. Finally, Point72 DIFC Ltd purchased a new stake in shares of Perdoceo Education in the 3rd quarter valued at approximately $114,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP John Robert Kline sold 12,148 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,363,144.95. This represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PRDO shares. Barrington Research increased their price target 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. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.

Perdoceo Education Trading Up 1.5 %

Shares of NASDAQ:PRDO traded up $0.37 during mid-day trading on Friday, reaching $25.30. 760,562 shares of the company were exchanged, compared to its average volume of 474,170. 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 firm has a market cap of $1.67 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.75 and a beta of 1.04. The firm's 50-day simple moving average is $27.14 and its 200 day simple moving average is $24.97. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to analysts' expectations of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. Equities research analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Saturday, March 1st will be given a dividend of $0.13 per share. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. Perdoceo Education's payout ratio is currently 23.64%.

About Perdoceo Education

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.