Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells $303,807.00 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,914 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $25.50, for a total value of $303,807.00. Following the transaction, the chief financial officer now owns 240,216 shares in the company, valued at approximately $6,125,508. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Perdoceo Education Stock Performance

Shares of PRDO traded down $0.26 on Friday, reaching $25.43. 292,147 shares of the company’s stock traded hands, compared to its average volume of 473,656. The stock’s 50 day simple moving average is $26.73 and its two-hundred day simple moving average is $25.21. The stock has a market cap of $1.68 billion, a PE ratio of 11.56, a PEG ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a 52-week low of $16.56 and a 52-week high of $29.84. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last announced its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. On average, analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.04%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio is 23.64%.

Analyst Ratings Changes

Several analysts have recently commented on PRDO shares. Barrington Research increased their target price on shares of Perdoceo Education from $32.00 to $35.00 and gave the company an “outperform” rating in a report 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC raised its holdings in shares of Perdoceo Education by 183.0% in the 3rd quarter. Verition Fund Management LLC now owns 27,122 shares of the company’s stock worth $603,000 after purchasing an additional 17,538 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Perdoceo Education during the 3rd quarter valued at $228,000. Point72 Asset Management L.P. bought a new position in shares of Perdoceo Education during the 3rd quarter worth $133,000. Point72 DIFC Ltd purchased a new stake in Perdoceo Education in the 3rd quarter worth about $114,000. Finally, Weiss Asset Management LP bought a new stake in Perdoceo Education in the 3rd quarter valued at about $1,043,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.