Y Intercept Hong Kong Ltd Buys New Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Y Intercept Hong Kong Ltd bought a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,517 shares of the company's stock, valued at approximately $358,000.

Several other institutional investors have also added to or reduced their stakes in PRDO. Royce & Associates LP increased its stake in shares of Perdoceo Education by 1.0% in the 3rd quarter. Royce & Associates LP now owns 85,631 shares of the company's stock worth $1,904,000 after purchasing an additional 807 shares in the last quarter. KBC Group NV raised its stake in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock worth $98,000 after buying an additional 1,190 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Perdoceo Education by 13.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,995 shares of the company's stock valued at $344,000 after buying an additional 1,503 shares in the last quarter. R Squared Ltd purchased a new stake in Perdoceo Education in the 4th quarter worth approximately $60,000. Finally, DGS Capital Management LLC raised its stake in Perdoceo Education by 7.4% during the 3rd quarter. DGS Capital Management LLC now owns 46,088 shares of the company's stock worth $1,025,000 after acquiring an additional 3,193 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Remove Ads

Perdoceo Education Price Performance

Shares of PRDO stock traded up $0.29 during trading hours on Friday, hitting $25.22. The stock had a trading volume of 284,528 shares, compared to its average volume of 462,775. Perdoceo Education Co. has a one year low of $16.56 and a one year high of $29.84. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.75 and a beta of 1.04. The stock's 50-day moving average price is $27.16 and its two-hundred day moving average price is $24.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $176.43 million during 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%. Equities analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm 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 of this dividend is Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 2.06%. Perdoceo Education's payout ratio is 23.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. 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.

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.