EntryPoint Capital LLC Acquires New Position in Perdoceo Education Co. (NASDAQ:PRDO)

EntryPoint Capital LLC bought a new position in Perdoceo Education Co. (NASDAQ:PRDO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,106 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of PRDO. Wellington Management Group LLP bought a new position in Perdoceo Education in the third quarter worth approximately $9,374,000. Boston Partners grew its position in shares of Perdoceo Education by 41.1% during the 4th quarter. Boston Partners now owns 1,209,899 shares of the company’s stock worth $32,379,000 after buying an additional 352,470 shares in the last quarter. Kennondale Capital Management LLC purchased a new position in shares of Perdoceo Education during the fourth quarter valued at $2,558,000. Barclays PLC raised its holdings in shares of Perdoceo Education by 353.5% in the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock valued at $2,460,000 after acquiring an additional 86,227 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Perdoceo Education by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company’s stock worth $43,072,000 after acquiring an additional 79,686 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on PRDO shares. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research boosted their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th.

Perdoceo Education Price Performance

PRDO opened at $25.43 on Friday. The firm has a market capitalization of $1.68 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The business’s 50-day moving average is $26.68 and its two-hundred day moving average is $25.27. Perdoceo Education Co. has a 1 year low of $16.56 and a 1 year high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $160.12 million. Research analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

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

Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total transaction of $327,888.88. Following the sale, the chief executive officer now owns 615,697 shares of the company’s stock, valued at approximately $16,186,674.13. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Elise Baskel sold 17,818 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares in the company, valued at $2,255,432.64. The trade was a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,634 shares of company stock worth $2,494,318 in the last ninety days. 1.81% of the stock is owned by insiders.

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.