Prairiewood Capital LLC Has $2.16 Million Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Prairiewood Capital LLC reduced its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,568 shares of the company’s stock after selling 3,390 shares during the quarter. Perdoceo Education comprises 0.9% of Prairiewood Capital LLC’s holdings, making the stock its 20th largest holding. Prairiewood Capital LLC owned about 0.12% of Perdoceo Education worth $2,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Quarry LP boosted its position in Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. boosted its position in shares of 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 in the last quarter. Point72 DIFC Ltd acquired a new stake in Perdoceo Education during the third quarter worth approximately $114,000. Point72 Asset Management L.P. bought a new stake in Perdoceo Education in the third quarter worth approximately $133,000. Finally, Farther Finance Advisors LLC lifted its stake in Perdoceo Education by 3,465.3% in the third quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock valued at $140,000 after buying an additional 6,099 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Stock Up 1.2 %

NASDAQ PRDO opened at $27.67 on Tuesday. Perdoceo Education Co. has a 52 week low of $16.12 and a 52 week high of $29.47. The business has a 50 day moving average price of $26.79 and a 200-day moving average price of $23.89. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.73 and a beta of 1.06.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. 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 previous year, the business posted $0.64 EPS. Perdoceo Education’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Perdoceo Education Co. will post 2.27 earnings per share for the current year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.13 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.88%. Perdoceo Education’s dividend payout ratio (DPR) is currently 26.13%.

Insider Buying and Selling at Perdoceo Education

In other news, 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 value of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares in the company, valued at $16,186,674.13. The trade was a 1.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.79, for a total value of $313,296.92. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. This represents a 8.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,594 shares of company stock worth $1,541,396. Insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PRDO shares. StockNews.com downgraded shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Barrington Research lifted their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

About Perdoceo Education

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.