Magnetar Financial LLC purchased a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,498 shares of the company's stock, valued at approximately $304,000.
Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Perdoceo Education by 227.1% during 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 position in Perdoceo Education in the 4th quarter worth approximately $60,000. KBC Group NV boosted its position in Perdoceo Education by 47.5% during 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 fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Perdoceo Education during the third quarter valued at approximately $114,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Perdoceo Education Price Performance
Shares of Perdoceo Education stock traded up $0.44 on Thursday, hitting $25.69. 265,867 shares of the company traded hands, compared to its average volume of 442,015. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84. The business has a 50-day simple moving average of $26.76 and a 200 day simple moving average of $25.21. The stock has a market capitalization of $1.69 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04.
Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its 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 business 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 earnings per share for the current fiscal year.
Perdoceo Education Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.
Analyst Ratings Changes
PRDO has been the topic of several research reports. Barrington Research lifted their price target on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th.
View Our Latest Report on PRDO
Insider Activity at Perdoceo Education
In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ashish R. Ghia sold 6,236 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at $6,303,250. This represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,658 shares of company stock valued at $2,188,914 in the last ninety days. Company insiders own 1.81% of the company's stock.
About Perdoceo Education
(
Free Report)
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.
See Also
Before you consider Perdoceo Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perdoceo Education wasn't on the list.
While Perdoceo Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
