Sanctuary Advisors LLC Invests $1.84 Million in Perdoceo Education Co. (NASDAQ:PRDO)

Sanctuary Advisors LLC acquired a new stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,707 shares of the company's stock, valued at approximately $1,836,000. Sanctuary Advisors LLC owned about 0.13% of Perdoceo Education as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP lifted its holdings in Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company's stock worth $29,000 after acquiring an additional 1,254 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Perdoceo Education in the 2nd quarter worth approximately $39,000. Fifth Third Bancorp boosted its position in Perdoceo Education by 650.6% during the 2nd 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 period. Innealta Capital LLC acquired a new position in Perdoceo Education during the 2nd quarter valued at approximately $74,000. Finally, nVerses Capital LLC bought a new position in Perdoceo Education during the 2nd quarter worth $92,000. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Perdoceo Education news, Director William Dean Hansen sold 13,185 shares of the company's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $23.01, for a total value of $303,386.85. Following the completion of the sale, the director now directly owns 39,016 shares in the company, valued at $897,758.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Michele A. Peppers sold 6,476 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now directly owns 61,952 shares in the company, valued at approximately $1,300,992. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William Dean Hansen sold 13,185 shares of the company's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $23.01, for a total value of $303,386.85. Following the completion of the transaction, the director now directly owns 39,016 shares in the company, valued at $897,758.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,325 shares of company stock valued at $1,044,656 over the last quarter. Corporate insiders own 1.81% of the company's stock.

Analyst Upgrades and Downgrades

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

Perdoceo Education Price Performance

Shares of NASDAQ PRDO traded down $0.03 during midday trading on Wednesday, hitting $21.22. 185,885 shares of the company's stock were exchanged, compared to its average volume of 477,279. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $26.40. The firm has a market cap of $1.39 billion, a P/E ratio of 9.36, a PEG ratio of 0.67 and a beta of 1.04. The stock's 50 day moving average price is $22.27 and its 200-day moving average price is $21.48.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The company had revenue of $166.74 million for 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 company's quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. On average, analysts expect that Perdoceo Education Co. will post 2.19 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Sunday, September 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.11. Perdoceo Education's dividend payout ratio (DPR) is currently 22.91%.

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.