Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Clifford Capital Partners LLC

Clifford Capital Partners LLC cut its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 635,402 shares of the company's stock after selling 20,734 shares during the quarter. Perdoceo Education makes up approximately 2.8% of Clifford Capital Partners LLC's holdings, making the stock its 23rd largest holding. Clifford Capital Partners LLC owned about 0.97% of Perdoceo Education worth $14,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PRDO. Intech Investment Management LLC increased its stake in shares of Perdoceo Education by 220.8% in the third quarter. Intech Investment Management LLC now owns 56,839 shares of the company's stock worth $1,264,000 after buying an additional 39,121 shares during the last quarter. Jennison Associates LLC increased its position in shares of Perdoceo Education by 23.8% in the 3rd quarter. Jennison Associates LLC now owns 53,170 shares of the company's stock worth $1,183,000 after purchasing an additional 10,231 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Perdoceo Education by 59.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,606 shares of the company's stock valued at $236,000 after purchasing an additional 3,966 shares in the last quarter. Quest Partners LLC lifted its position in shares of Perdoceo Education by 1,107.5% during the third quarter. Quest Partners LLC now owns 22,012 shares of the company's stock worth $490,000 after purchasing an additional 20,189 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Perdoceo Education by 1.2% in the third quarter. Empowered Funds LLC now owns 485,552 shares of the company's stock worth $10,799,000 after purchasing an additional 5,571 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the transaction, the insider now owns 61,952 shares in the company, valued at $1,300,992. This represents a 9.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the sale, the director now owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,450 shares of company stock worth $1,036,206 in the last ninety days. 1.81% of the stock is owned by insiders.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO traded up $0.25 during trading on Wednesday, reaching $27.63. 289,107 shares of the company's stock traded hands, compared to its average volume of 464,868. The company has a 50 day moving average of $23.01 and a 200-day moving average of $22.62. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47. The stock has a market capitalization of $1.82 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million for the quarter, compared to analysts' expectations of $164.60 million. During the same period in the prior year, the firm earned $0.64 EPS. The business's quarterly revenue was down 5.6% on a year-over-year basis. Equities research analysts predict that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.88%. Perdoceo Education's dividend payout ratio (DPR) is presently 26.13%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Friday, November 22nd. Barrington Research raised their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th.

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.