Los Angeles Capital Management LLC Lowers Position in Perdoceo Education Co. (NASDAQ:PRDO)

Los Angeles Capital Management LLC trimmed its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 65.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,871 shares of the company's stock after selling 34,556 shares during the quarter. Los Angeles Capital Management LLC's holdings in Perdoceo Education were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PRDO. Rothschild Investment LLC lifted its position in Perdoceo Education by 360.8% during the fourth quarter. Rothschild Investment LLC now owns 85,250 shares of the company's stock worth $2,257,000 after purchasing an additional 66,751 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Perdoceo Education during the fourth quarter worth $358,000. New York State Common Retirement Fund boosted its holdings in shares of Perdoceo Education by 23.8% in the 4th quarter. New York State Common Retirement Fund now owns 84,217 shares of the company's stock valued at $2,229,000 after purchasing an additional 16,200 shares in the last quarter. Sanctuary Advisors LLC grew its position in Perdoceo Education by 18.5% in the fourth quarter. Sanctuary Advisors LLC now owns 43,991 shares of the company's stock valued at $1,260,000 after acquiring an additional 6,875 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Perdoceo Education by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 318,963 shares of the company's stock worth $8,443,000 after buying an additional 10,680 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

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Insider Buying and Selling at Perdoceo Education

In related news, SVP John Robert Kline sold 12,148 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the transaction, the senior vice president now directly owns 130,405 shares of the company's stock, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd S. Nelson sold 12,472 shares of Perdoceo Education stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares of the company's stock, valued at approximately $16,186,674.13. The trade was a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.81% of the company's stock.

Perdoceo Education Stock Performance

NASDAQ:PRDO traded up $0.30 during trading on Friday, reaching $25.23. The company's stock had a trading volume of 310,984 shares, compared to its average volume of 463,126. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month 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. The firm has a 50 day moving average of $27.16 and a 200-day moving average of $24.95.

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

Perdoceo Education Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research upped their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock 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.