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

Pacific Ridge Capital Partners LLC cut its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 32.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,245 shares of the company's stock after selling 30,555 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 0.10% of Perdoceo Education worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PRDO. Quest Partners LLC purchased a new stake in Perdoceo Education in the 2nd quarter worth approximately $39,000. Fifth Third Bancorp increased its stake in Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company's stock valued at $40,000 after purchasing an additional 1,633 shares during the last quarter. Innealta Capital LLC purchased a new position in Perdoceo Education during the second quarter worth about $74,000. nVerses Capital LLC acquired a new stake in Perdoceo Education in the 2nd quarter worth about $92,000. Finally, Banque Cantonale Vaudoise grew its holdings in Perdoceo Education by 9.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,269 shares of the company's stock valued at $110,000 after buying an additional 565 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Stock Up 1.5 %

Shares of PRDO stock traded up $0.33 on Friday, reaching $22.17. 219,658 shares of the stock were exchanged, compared to its average volume of 484,494. The stock has a market cap of $1.45 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.03. The firm has a 50 day moving average of $22.69 and a two-hundred day moving average of $21.25. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $26.40.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $166.74 million during the quarter, compared to analyst estimates of $160.91 million. Perdoceo Education had a return on equity of 16.42% and a net margin of 20.57%. The firm's revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts predict that Perdoceo Education Co. will post 2.19 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Sunday, September 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Friday, August 30th. This is an increase from Perdoceo Education's previous quarterly dividend of $0.11. Perdoceo Education's payout ratio is currently 22.91%.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $30.00 target price on shares of Perdoceo Education in a research report on Friday, September 20th.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 directly owns 61,952 shares in the company, valued at $1,300,992. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Michele A. Peppers sold 6,476 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Gregory L. Jackson sold 26,664 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $22.70, for a total transaction of $605,272.80. Following the completion of the sale, the chairman now directly owns 58,644 shares in the company, valued at approximately $1,331,218.80. The disclosure for this sale can be found here. Insiders sold a total of 46,325 shares of company stock worth $1,044,656 over the last 90 days. Insiders own 1.81% of the company's stock.

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.