Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells 6,236 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) CFO Ashish R. Ghia sold 6,236 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $25.00, for a total transaction of $155,900.00. Following the completion of the transaction, the chief financial officer now directly owns 252,130 shares of the company's stock, valued at $6,303,250. The trade was a 2.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Perdoceo Education Stock Down 1.0 %

Shares of NASDAQ:PRDO traded down $0.26 during mid-day trading on Friday, hitting $25.43. 292,147 shares of the company traded hands, compared to its average volume of 473,850. The firm's 50 day simple moving average is $26.68 and its 200 day simple moving average is $25.27. The firm has a market cap of $1.68 billion, a P/E ratio of 11.56, a PEG ratio of 0.75 and a beta of 1.04. 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.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. On average, equities analysts anticipate that Perdoceo Education Co. will post 2.41 EPS for the current year.

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Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is currently 23.64%.

Wall Street Analyst Weigh In

PRDO has been the subject of several research analyst reports. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research upped their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th.

Institutional Trading of Perdoceo Education

Institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Perdoceo Education in the 4th quarter worth about $47,129,000. Wellington Management Group LLP bought a new stake in Perdoceo Education in the third quarter valued at about $9,374,000. Boston Partners raised its stake in Perdoceo Education by 41.1% during the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after buying an additional 352,470 shares in the last quarter. Millennium Management LLC raised its stake in Perdoceo Education by 46.1% during the fourth quarter. Millennium Management LLC now owns 871,572 shares of the company's stock valued at $23,071,000 after buying an additional 275,129 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Perdoceo Education by 7.9% during the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock worth $87,251,000 after buying an additional 241,147 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

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.