Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lowered its stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 38.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,685 shares of the company's stock after selling 260,179 shares during the period. Bridgeway Capital Management LLC owned about 0.63% of Perdoceo Education worth $10,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Perdoceo Education by 7.9% during the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock worth $87,251,000 after purchasing an additional 241,147 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perdoceo Education by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company's stock valued at $48,129,000 after acquiring an additional 14,591 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Perdoceo Education during the 4th quarter worth about $47,129,000. American Century Companies Inc. boosted its holdings in Perdoceo Education by 5.1% in the fourth quarter. American Century Companies Inc. now owns 1,627,190 shares of the company's stock valued at $43,072,000 after purchasing an additional 79,686 shares in the last quarter. Finally, Boston Partners increased its stake in Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after purchasing an additional 352,470 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

PRDO traded up $0.93 during trading on Friday, reaching $31.06. The company's stock had a trading volume of 479,266 shares, compared to its average volume of 468,303. 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 company's fifty day moving average price is $25.88 and its 200-day moving average price is $26.28. Perdoceo Education Co. has a 52-week low of $20.23 and a 52-week high of $31.22. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The company had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The business's revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, equities analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. Perdoceo Education's dividend payout ratio (DPR) is 23.01%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PRDO shares. Barrington Research raised their price target on Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. StockNews.com downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Insider Buying and Selling

In other Perdoceo Education news, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were 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 approximately $15,882,199.02. This represents a 5.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashish R. Ghia sold 6,236 shares of Perdoceo Education stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now owns 252,130 shares of the company's stock, valued at approximately $6,303,250. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,782 shares of company stock worth $3,167,399 in the last ninety days. Insiders own 2.11% of the company's stock.

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.