Private Management Group Inc. Has $13.22 Million Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Private Management Group Inc. lessened its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 499,508 shares of the company's stock after selling 45,350 shares during the quarter. Private Management Group Inc. owned about 0.76% of Perdoceo Education worth $13,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in Perdoceo Education in the third quarter worth about $9,374,000. Millennium Management LLC raised its position in shares of Perdoceo Education by 944.8% during the 2nd quarter. Millennium Management LLC now owns 246,659 shares of the company's stock worth $5,283,000 after buying an additional 223,050 shares in the last quarter. Barclays PLC lifted its stake in shares of Perdoceo Education by 353.5% in the 3rd quarter. Barclays PLC now owns 110,622 shares of the company's stock worth $2,460,000 after acquiring an additional 86,227 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Perdoceo Education in the second quarter valued at approximately $1,836,000. Finally, Weiss Asset Management LP acquired a new position in shares of Perdoceo Education during the third quarter valued at approximately $1,043,000. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Trading Up 0.4 %

Shares of NASDAQ PRDO traded up $0.10 during midday trading on Friday, reaching $28.42. The company's stock had a trading volume of 424,054 shares, compared to its average volume of 334,608. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07. The company has a 50 day moving average price of $27.24 and a 200 day moving average price of $24.51.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analysts' expectations of $164.60 million. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. Research analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.83%. Perdoceo Education's payout ratio is presently 26.13%.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 30,574 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the sale, the senior vice president now directly owns 130,405 shares of the company's stock, valued at $3,451,820.35. The trade was a 18.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the sale, the director now owns 69,635 shares of the company's stock, valued at $1,862,039.90. The trade was a 4.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,594 shares of company stock valued at $1,541,396. 1.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Barrington Research reaffirmed an "outperform" rating and set a $32.00 target price on shares of Perdoceo Education in a research note on Friday.

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.