Castlekeep Investment Advisors LLC Makes New $1.76 Million Investment in Perdoceo Education Co. (NASDAQ:PRDO)

Castlekeep Investment Advisors LLC acquired a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,464 shares of the company's stock, valued at approximately $1,759,000. Castlekeep Investment Advisors LLC owned 0.10% of Perdoceo Education as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after buying an additional 913 shares during the last quarter. Quarry LP grew its holdings in shares of Perdoceo Education by 223.6% in the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after acquiring an additional 1,239 shares during the period. R Squared Ltd purchased a new stake in Perdoceo Education during the fourth quarter valued at $60,000. KBC Group NV lifted its holdings in 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 acquiring an additional 1,190 shares during the period. 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 acquiring an additional 1,355 shares during the period. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO traded down $0.07 during midday trading on Thursday, hitting $33.02. The company had a trading volume of 316,717 shares, compared to its average volume of 478,024. Perdoceo Education Co. has a 12-month low of $20.23 and a 12-month high of $33.64. The company has a fifty day moving average of $27.58 and a two-hundred day moving average of $27.07. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.75 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.70 EPS for the quarter, topping 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 business had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. The business's quarterly revenue was up 26.6% on a year-over-year basis. On average, equities research analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, May 30th. Perdoceo Education's dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

PRDO has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th. Barrington Research boosted their target price on shares of Perdoceo Education from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education 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 transaction 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 trade represents a 5.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Elise Baskel sold 17,818 shares of the business's 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 directly owns 93,354 shares in the company, valued at $2,255,432.64. This trade represents a 16.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,116 shares of company stock valued at $3,735,359 over the last 90 days. 2.11% of the stock is currently owned by corporate 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.