Private Management Group Inc. Has $17.38 Million Position in Perdoceo Education Co. (NASDAQ:PRDO)

Private Management Group Inc. reduced its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 989,900 shares of the company’s stock after selling 281,760 shares during the quarter. Private Management Group Inc. owned 1.51% of Perdoceo Education worth $17,383,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PRDO. Vanguard Group Inc. increased its stake in shares of Perdoceo Education by 0.5% in the third quarter. Vanguard Group Inc. now owns 5,825,801 shares of the company’s stock valued at $99,621,000 after buying an additional 31,350 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Perdoceo Education by 32.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,602,905 shares of the company’s stock valued at $28,147,000 after buying an additional 395,481 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Perdoceo Education by 10.2% in the third quarter. American Century Companies Inc. now owns 1,034,888 shares of the company’s stock valued at $17,697,000 after buying an additional 95,672 shares in the last quarter. Invesco Ltd. increased its stake in shares of Perdoceo Education by 59.0% in the third quarter. Invesco Ltd. now owns 1,028,253 shares of the company’s stock valued at $17,583,000 after buying an additional 381,665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Perdoceo Education by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 932,515 shares of the company’s stock valued at $15,946,000 after buying an additional 13,860 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Perdoceo Education Trading Up 1.9 %

Shares of NASDAQ:PRDO traded up $0.34 during trading on Tuesday, hitting $17.84. 800,429 shares of the company’s stock traded hands, compared to its average volume of 503,930. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. Perdoceo Education Co. has a 52 week low of $11.50 and a 52 week high of $19.62. The company has a 50-day moving average price of $17.49 and a 200-day moving average price of $17.62.

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

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a yield of 2.47%. Perdoceo Education’s dividend payout ratio (DPR) is presently 20.18%.

Insider Activity at Perdoceo Education

In related news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction on Monday, January 29th. 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 in the company, valued at approximately $12,674,313. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction on Monday, January 29th. 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 in the company, valued at approximately $12,674,313. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd S. Nelson sold 9,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total value of $175,750.00. Following the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The disclosure for this sale can be found here. Insiders sold 121,500 shares of company stock worth $2,189,350 in the last ninety days. 1.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.