Denali Advisors LLC Has $5.38 Million Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Denali Advisors LLC lifted its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 34.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 203,100 shares of the company's stock after acquiring an additional 51,900 shares during the quarter. Denali Advisors LLC owned about 0.31% of Perdoceo Education worth $5,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PRDO. Blue Trust Inc. boosted its holdings in Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock worth $38,000 after buying an additional 492 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Perdoceo Education by 3,465.3% during the third quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company's stock worth $140,000 after buying an additional 6,099 shares in the last quarter. Assetmark Inc. boosted its holdings in Perdoceo Education by 8.1% during the third quarter. Assetmark Inc. now owns 97,626 shares of the company's stock worth $2,171,000 after buying an additional 7,328 shares in the last quarter. Atria Investments Inc acquired a new position in Perdoceo Education in the 3rd quarter worth approximately $234,000. Finally, Victory Capital Management Inc. boosted its stake in Perdoceo Education by 71.3% in the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company's stock worth $1,642,000 after purchasing an additional 30,725 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

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Insider Transactions at Perdoceo Education

In other news, SVP John Robert Kline sold 12,148 shares of Perdoceo Education 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 directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd S. Nelson sold 12,472 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PRDO. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research lifted their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th.

Perdoceo Education Stock Performance

PRDO traded up $0.33 during trading on Friday, hitting $25.60. The stock had a trading volume of 578,317 shares, compared to its average volume of 439,500. The firm has a market cap of $1.69 billion, a PE ratio of 11.64, a P/E/G ratio of 0.75 and a beta of 1.07. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84. 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 company has a 50 day simple moving average of $27.24 and a 200-day simple moving average of $24.87.

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 (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 company had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.03%. Perdoceo Education's payout ratio is 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.