Perdoceo Education Co. (NASDAQ:PRDO) Stake Lessened by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 56.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,116 shares of the company's stock after selling 48,591 shares during the period. Sanctuary Advisors LLC owned about 0.06% of Perdoceo Education worth $825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Blue Trust Inc. boosted its position in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company's stock valued at $38,000 after purchasing an additional 492 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Perdoceo Education by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company's stock valued at $707,000 after acquiring an additional 500 shares during the period. Royce & Associates LP grew its position in shares of Perdoceo Education by 1.0% during the third quarter. Royce & Associates LP now owns 85,631 shares of the company's stock worth $1,904,000 after acquiring an additional 807 shares during the last quarter. Lakewood Asset Management LLC increased its holdings in shares of Perdoceo Education by 8.7% in the 3rd quarter. Lakewood Asset Management LLC now owns 15,300 shares of the company's stock worth $340,000 after acquiring an additional 1,219 shares during the period. Finally, Quarry LP lifted its position in Perdoceo Education by 1,306.3% in the 2nd quarter. Quarry LP now owns 1,350 shares of the company's stock valued at $29,000 after purchasing an additional 1,254 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO traded up $0.47 during trading on Tuesday, reaching $26.59. The company had a trading volume of 175,780 shares, compared to its average volume of 466,623. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07. The firm's fifty day moving average is $25.12 and its 200 day moving average is $23.17.

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

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Monday, December 2nd. Perdoceo Education's payout ratio is 26.13%.

Analyst Upgrades and Downgrades

PRDO has been the subject of several analyst reports. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Sunday, December 8th. Barrington Research increased their price target on Perdoceo Education from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In related news, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at $3,451,820.35. This represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.

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.