47,344 Shares in Perdoceo Education Co. (NASDAQ:PRDO) Bought by Two Sigma Investments LP

Two Sigma Investments LP purchased a new position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 47,344 shares of the company's stock, valued at approximately $1,253,000. Two Sigma Investments LP owned approximately 0.07% of Perdoceo Education at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake 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 during the last quarter. Quarry LP boosted its holdings in Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after buying an additional 1,239 shares in the last quarter. KBC Group NV boosted its holdings in 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 buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after buying an additional 1,355 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of Perdoceo Education in the fourth quarter valued at $127,000. 93.46% of the stock is currently owned by institutional investors.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the sale, the chief executive officer now directly owns 644,047 shares of the company's stock, valued at $15,882,199.02. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Elise Baskel sold 17,818 shares of the firm'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 sale, the senior vice president now owns 93,354 shares of the company's stock, valued at approximately $2,255,432.64. This represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,116 shares of company stock valued at $3,895,709 over the last quarter. Company insiders own 2.11% of the company's stock.

Perdoceo Education Trading Down 0.8%

PRDO traded down $0.27 during trading on Friday, reaching $33.00. The company had a trading volume of 591,164 shares, compared to its average volume of 485,268. The firm's 50-day simple moving average is $28.56 and its 200 day simple moving average is $27.37. 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 market cap of $2.16 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.75 and a beta of 0.85. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $34.60.

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

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be issued a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. Perdoceo Education's payout ratio is currently 23.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PRDO. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research lifted their target price on Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday.

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.