Seizert Capital Partners LLC Raises Position in Perdoceo Education Co. (NASDAQ:PRDO)

Seizert Capital Partners LLC raised its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,303 shares of the company's stock after purchasing an additional 31,418 shares during the period. Seizert Capital Partners LLC owned 0.39% of Perdoceo Education worth $6,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRDO. Smartleaf Asset Management LLC grew its position in shares of Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after buying an additional 913 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Perdoceo Education during the fourth quarter worth about $60,000. KBC Group NV lifted 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 purchasing an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust boosted 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 valued at $103,000 after purchasing an additional 1,355 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Perdoceo Education during the 3rd quarter worth approximately $114,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Insider Buying and Selling at Perdoceo Education

In related news, SVP John Robert Kline sold 12,148 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now directly owns 130,405 shares in the company, valued at $3,363,144.95. The trade was a 8.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 12,472 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares of the company's stock, valued at $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by corporate insiders.

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Perdoceo Education Stock Performance

Perdoceo Education stock traded up $0.37 during trading hours on Friday, reaching $25.30. 760,562 shares of the stock were exchanged, compared to its average volume of 474,170. The stock has a market cap of $1.67 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.75 and a beta of 1.04. The firm's 50 day moving average is $27.14 and its 200 day moving average is $24.97. 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 announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st will be issued a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.06%. Perdoceo Education's dividend payout ratio is presently 23.64%.

Analyst Ratings Changes

A number of brokerages have weighed in on PRDO. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research increased their price objective on Perdoceo Education from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th.

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.