Algert Global LLC Takes Position in Perdoceo Education Co. (NASDAQ:PRDO)

Algert Global LLC bought a new stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,950 shares of the company's stock, valued at approximately $343,000.

Several other hedge funds have also recently added to or reduced their stakes in PRDO. Smartleaf Asset Management LLC boosted its stake in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after purchasing an additional 913 shares during the period. Quarry LP increased its stake in Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after acquiring an additional 1,239 shares during the last quarter. R Squared Ltd bought a new stake in shares of Perdoceo Education during the fourth quarter worth $60,000. KBC Group NV grew its stake in shares of Perdoceo Education by 47.5% in 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. Finally, Parkside Financial Bank & Trust lifted its holdings in Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after buying an additional 1,355 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research upped their target price on Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, May 2nd.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, insider Michele A. Peppers sold 4,038 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $32.00, for a total transaction of $129,216.00. Following the completion of the sale, the insider now directly owns 45,876 shares of the company's stock, valued at $1,468,032. This represents a 8.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $24.66, for a total value of $961,345.44. Following the transaction, the chief executive officer now directly owns 644,047 shares in the company, valued at $15,882,199.02. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,820 shares of company stock worth $3,296,615 in the last ninety days. 2.11% of the stock is owned by insiders.

Perdoceo Education Price Performance

NASDAQ:PRDO traded up $0.13 during trading hours on Friday, reaching $31.35. The stock had a trading volume of 324,463 shares, compared to its average volume of 470,224. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. Perdoceo Education Co. has a 52 week low of $20.23 and a 52 week high of $32.03. The company has a 50 day moving average price of $26.47 and a two-hundred day moving average price of $26.68. The stock has a market capitalization of $2.05 billion, a PE ratio of 14.25, a PEG ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $207.97 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio is presently 23.01%.

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.