Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) CFO Sells 35,677 Shares of Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 35,677 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total transaction of $921,536.91. Following the completion of the transaction, the chief financial officer now owns 204,477 shares in the company, valued at $5,281,640.91. This represents a 14.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Perdoceo Education Trading Down 2.3 %

Shares of NASDAQ PRDO traded down $0.62 during midday trading on Thursday, hitting $25.93. 711,481 shares of the company traded hands, compared to its average volume of 475,329. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The firm has a market cap of $1.71 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.75 and a beta of 1.04. The stock has a 50-day moving average price of $26.57 and a 200 day moving average price of $25.36. 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 (NASDAQ:PRDO) last posted its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million for the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. As a group, analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio is presently 23.64%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRDO. Smartleaf Asset Management LLC boosted 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 worth $34,000 after purchasing an additional 913 shares in the last quarter. Quarry LP increased its holdings in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company’s stock valued at $47,000 after acquiring an additional 1,239 shares in the last quarter. R Squared Ltd purchased a new position in Perdoceo Education in the fourth quarter worth about $60,000. KBC Group NV lifted its position in 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 acquiring an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Perdoceo Education by 53.8% during the fourth 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 in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PRDO has been the subject of several recent analyst reports. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Barrington Research lifted 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 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.