Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Bfsg LLC

Bfsg LLC lessened its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,510 shares of the company’s stock after selling 1,805 shares during the quarter. Bfsg LLC’s holdings in Perdoceo Education were worth $167,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new position in shares of Perdoceo Education during the 4th quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in Perdoceo Education in the fourth quarter valued at about $26,000. Commons Capital LLC acquired a new position in Perdoceo Education in the fourth quarter valued at about $193,000. Fox Run Management L.L.C. acquired a new position in Perdoceo Education in the third quarter valued at about $208,000. Finally, Diversified Trust Co purchased a new stake in Perdoceo Education during the fourth quarter worth about $231,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

PRDO has been the topic of a number of recent research reports. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. Barrington Research reiterated an “outperform” rating and set a $23.00 price target on shares of Perdoceo Education in a research note on Monday, April 15th.

Perdoceo Education Price Performance

Shares of PRDO stock traded up $0.12 during trading hours on Thursday, reaching $18.54. 148,426 shares of the stock were exchanged, compared to its average volume of 501,092. The business’s fifty day moving average is $17.51 and its two-hundred day moving average is $17.62. Perdoceo Education Co. has a 12-month low of $11.50 and a 12-month high of $19.62. The firm has a market capitalization of $1.22 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.56 and a beta of 0.96.

Perdoceo Education (NASDAQ:PRDO) last released its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The firm had revenue of $147.30 million for the quarter, compared to analyst estimates of $146.20 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Perdoceo Education Co. will post 2.12 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is 20.18%.

Insider Activity at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at $12,674,313. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Todd S. Nelson sold 9,500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $18.50, for a total transaction of $175,750.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the transaction, the chief executive officer now owns 685,098 shares of the company’s stock, valued at approximately $12,674,313. The disclosure for this sale can be found here. Insiders sold 105,500 shares of company stock valued at $1,893,350 over the last three months. 1.81% of the stock is owned by corporate insiders.

Perdoceo Education 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.