9,970 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Purchased by Riverwater Partners LLC

Riverwater Partners LLC bought a new position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 9,970 shares of the company's stock, valued at approximately $264,000.

Other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc boosted its stake in shares of Perdoceo Education by 3.6% during the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company's stock valued at $288,000 after purchasing an additional 375 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after buying an additional 913 shares during the period. Swiss National Bank boosted its position in Perdoceo Education by 0.8% during the 4th quarter. Swiss National Bank now owns 122,700 shares of the company's stock valued at $3,248,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV increased its holdings in shares of Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after acquiring an additional 1,190 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after acquiring an additional 1,355 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

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Perdoceo Education Stock Up 0.2 %

Shares of PRDO traded up $0.05 during midday trading on Friday, hitting $25.82. 459,156 shares of the company's stock traded hands, compared to its average volume of 481,729. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84. The firm's fifty day moving average is $26.06 and its 200-day moving average is $25.56.

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

Perdoceo Education Dividend Announcement

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 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.64%.

Insiders Place Their Bets

In other news, CFO Ashish R. Ghia sold 35,677 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the sale, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at $5,281,640.91. The trade was a 14.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the transaction, the chief executive officer now directly owns 644,047 shares in the company, valued at approximately $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,691 shares of company stock valued at $2,774,669. Insiders own 1.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PRDO. Barrington Research lifted their target price on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

Perdoceo Education 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.