Callodine Capital Management LP Acquires 95,036 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Callodine Capital Management LP raised its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 556,245 shares of the company's stock after purchasing an additional 95,036 shares during the quarter. Perdoceo Education makes up approximately 3.0% of Callodine Capital Management LP's investment portfolio, making the stock its 12th largest holding. Callodine Capital Management LP owned approximately 0.85% of Perdoceo Education worth $14,724,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its stake in Perdoceo Education by 3.6% during the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company's stock worth $288,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $34,000 after purchasing an additional 913 shares in the last quarter. Swiss National Bank grew its position in Perdoceo Education by 0.8% in the 4th quarter. Swiss National Bank now owns 122,700 shares of the company's stock valued at $3,248,000 after purchasing an additional 1,000 shares during the period. KBC Group NV lifted 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 valued at $98,000 after buying an additional 1,190 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after acquiring an additional 1,355 shares during the last quarter. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

Shares of Perdoceo Education stock traded up $0.22 during mid-day trading on Wednesday, hitting $25.10. 111,695 shares of the stock were exchanged, compared to its average volume of 476,709. The company has a market capitalization of $1.64 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.75 and a beta of 0.87. 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 has a 50-day simple moving average of $25.62 and a 200 day simple moving average of $25.73. Perdoceo Education Co. has a 12 month low of $17.57 and a 12 month high of $29.84.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping 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 business had revenue of $176.43 million for the quarter, compared to analysts' expectations of $160.12 million. Sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, February 28th. Perdoceo Education's payout ratio is 23.64%.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Barrington Research raised their price objective on Perdoceo Education from $32.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th.

Insider Buying and Selling at Perdoceo Education

In other news, SVP Elise Baskel sold 17,818 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 93,354 shares in the company, valued at approximately $2,255,432.64. This represents a 16.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ashish R. Ghia sold 35,677 shares of Perdoceo Education stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $25.83, for a total value of $921,536.91. Following the completion of the sale, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at approximately $5,281,640.91. This trade represents a 14.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,691 shares of company stock worth $2,774,669 over the last three months. 1.81% of the stock is currently owned by insiders.

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.