Rothschild Investment LLC Grows Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Rothschild Investment LLC grew its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 360.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,250 shares of the company’s stock after purchasing an additional 66,751 shares during the quarter. Rothschild Investment LLC owned approximately 0.13% of Perdoceo Education worth $2,257,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new stake in Perdoceo Education during the 4th quarter valued at about $358,000. New York State Common Retirement Fund raised its stake in shares of Perdoceo Education by 23.8% during the fourth quarter. New York State Common Retirement Fund now owns 84,217 shares of the company’s stock valued at $2,229,000 after acquiring an additional 16,200 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Perdoceo Education by 18.5% during the fourth quarter. Sanctuary Advisors LLC now owns 43,991 shares of the company’s stock valued at $1,260,000 after acquiring an additional 6,875 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Perdoceo Education by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 318,963 shares of the company’s stock valued at $8,443,000 after purchasing an additional 10,680 shares during the period. Finally, Polaris Capital Management LLC boosted its holdings in shares of Perdoceo Education by 26.0% in the fourth quarter. Polaris Capital Management LLC now owns 54,800 shares of the company’s stock valued at $1,451,000 after purchasing an additional 11,300 shares during the period. 93.46% of the stock is currently owned by institutional investors.

Perdoceo Education Price Performance

Shares of PRDO opened at $26.12 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The company has a 50 day moving average price of $27.32 and a 200-day moving average price of $24.82. Perdoceo Education Co. has a fifty-two week low of $16.56 and a fifty-two week high of $29.84. The stock has a market capitalization of $1.72 billion, a PE ratio of 11.87, a PEG ratio of 0.75 and a beta of 1.07.

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. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Equities analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be paid a $0.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.99%. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 12,472 shares of the firm’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 value of $327,888.88. Following the completion of the sale, the chief executive officer now directly owns 615,697 shares in the company, valued at $16,186,674.13. This trade represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Robert Kline sold 12,148 shares of Perdoceo Education stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at $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. 1.81% of the stock is currently owned by corporate 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.