Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,907,705 shares of the company’s stock after selling 89,405 shares during the quarter. Dimensional Fund Advisors LP owned about 0.07% of Perdoceo Education worth $129,906,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings 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 valued at $34,000 after buying an additional 913 shares in the last quarter. R Squared Ltd acquired a new position in Perdoceo Education in the fourth quarter valued at $60,000. KBC Group NV grew its holdings in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after purchasing an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust grew 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 worth $103,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Perdoceo Education during the fourth quarter worth about $172,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Trading Up 0.6 %

NASDAQ PRDO opened at $24.92 on Friday. The firm’s fifty day moving average is $25.40 and its two-hundred day moving average is $25.78. Perdoceo Education Co. has a one year low of $18.10 and a one year high of $29.84. 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 firm has a market cap of $1.63 billion, a PE ratio of 11.33, a P/E/G ratio of 0.75 and a beta of 0.87.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. Analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is presently 23.64%.

Analysts Set New Price Targets

A number of brokerages recently issued reports 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 reissued an “outperform” rating and issued a $35.00 price objective on shares of Perdoceo Education in a report on Thursday.

Insider Buying and Selling

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 approximately $2,255,432.64. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Ashish R. Ghia sold 6,236 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $25.00, for a total value of $155,900.00. Following the completion of the sale, the chief financial officer now directly owns 252,130 shares of the company’s stock, valued at approximately $6,303,250. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,691 shares of company stock valued at $2,774,669 over the last three months. 2.11% of the stock is currently owned by company insiders.

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.