ExodusPoint Capital Management LP Has $1.80 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

ExodusPoint Capital Management LP grew its position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,937 shares of the company's stock after purchasing an additional 13,052 shares during the period. ExodusPoint Capital Management LP owned about 0.10% of Perdoceo Education worth $1,798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRDO. Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 913 shares during the period. R Squared Ltd acquired a new position in Perdoceo Education in the 4th quarter worth $60,000. KBC Group NV increased its holdings in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after purchasing an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust raised 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 purchasing an additional 1,355 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Perdoceo Education in the third quarter valued at about $133,000. 93.46% of the stock is currently owned by institutional investors.

Insider Activity at Perdoceo Education

In other news, 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 transaction of $961,345.44. Following the sale, the chief executive officer now directly owns 644,047 shares in the company, valued at approximately $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ashish R. Ghia sold 6,236 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the sale, the chief financial officer now owns 252,130 shares in the company, valued at $6,303,250. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,691 shares of company stock valued at $2,774,669 over the last ninety days. 1.81% of the stock is owned by corporate insiders.

Remove Ads

Perdoceo Education Stock Performance

Perdoceo Education stock traded down $0.05 during mid-day trading on Monday, hitting $25.77. 35,513 shares of the company's stock traded hands, compared to its average volume of 479,602. 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 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $25.58. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 0.75 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its 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. The business had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. On average, research analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.02%. Perdoceo Education's dividend payout ratio is currently 23.64%.

Wall Street Analysts Forecast Growth

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

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.