Sanctuary Advisors LLC acquired a new position in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 37,366 shares of the company’s stock, valued at approximately $1,196,000. Sanctuary Advisors LLC owned 0.06% of Perdoceo Education at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Seizert Capital Partners LLC increased its stake in shares of Perdoceo Education by 35.7% in the fourth quarter. Seizert Capital Partners LLC now owns 115,009 shares of the company’s stock worth $3,373,000 after buying an additional 30,283 shares during the period. Bellars Harris Wealth Management LLC purchased a new stake in Perdoceo Education during the 2nd quarter valued at $6,816,000. GSA Capital Partners LLP boosted its position in Perdoceo Education by 392.3% during the 4th quarter. GSA Capital Partners LLP now owns 61,197 shares of the company’s stock valued at $1,795,000 after buying an additional 48,765 shares during the period. Jefferies Financial Group Inc. bought a new stake in Perdoceo Education in the 4th quarter worth $4,936,000. Finally, Vanguard Group Inc. grew its holdings in Perdoceo Education by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 4,465,353 shares of the company’s stock worth $130,969,000 after acquiring an additional 115,797 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Perdoceo Education Trading Up 1.0%
Shares of NASDAQ PRDO opened at $33.81 on Friday. Perdoceo Education Corporation has a 12 month low of $26.66 and a 12 month high of $38.50. The firm has a market capitalization of $2.12 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.71 and a beta of 0.71. The firm has a fifty day simple moving average of $32.86 and a two-hundred day simple moving average of $33.81.
Perdoceo Education Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from Perdoceo Education’s previous quarterly dividend of $0.15. Perdoceo Education’s payout ratio is presently 21.90%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on PRDO shares. Wall Street Zen lowered shares of Perdoceo Education from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Barrington Research set a $44.00 price target on Perdoceo Education in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Perdoceo Education has an average rating of “Moderate Buy” and an average price target of $44.00.
Get Our Latest Stock Report on Perdoceo Education
Insider Activity at Perdoceo Education
In other Perdoceo Education news, Director Kenda B. Gonzales sold 9,308 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $34.79, for a total transaction of $323,825.32. Following the transaction, the director owned 48,158 shares in the company, valued at approximately $1,675,416.82. This represents a 16.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Gregory L. Jackson sold 11,271 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $31.78, for a total value of $358,192.38. Following the completion of the transaction, the chairman directly owned 64,949 shares of the company’s stock, valued at $2,064,079.22. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.46% of the company’s stock.
Perdoceo Education Company Profile
Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.
With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.
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