Axecap Investments LLC Invests $2.95 Million in Perdoceo Education Co. (NASDAQ:PRDO)

Axecap Investments LLC purchased a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 117,258 shares of the company's stock, valued at approximately $2,953,000. Perdoceo Education comprises about 2.5% of Axecap Investments LLC's portfolio, making the stock its 14th biggest holding. Axecap Investments LLC owned about 0.18% of Perdoceo Education as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PRDO. Smartleaf Asset Management LLC raised its holdings in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares during the period. Quarry LP raised its holdings in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after purchasing an additional 1,355 shares during the period. New Vernon Capital Holdings II LLC acquired a new position in shares of Perdoceo Education during the fourth quarter valued at about $127,000. Finally, Quantbot Technologies LP acquired a new position in shares of Perdoceo Education during the fourth quarter valued at about $172,000. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Down 0.1%

Shares of PRDO traded down $0.03 on Friday, reaching $31.85. The company's stock had a trading volume of 672,130 shares, compared to its average volume of 492,290. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a twelve month low of $20.23 and a twelve month high of $34.60. The stock has a market capitalization of $2.09 billion, a PE ratio of 14.48, a PEG ratio of 0.75 and a beta of 0.85. The firm has a fifty day moving average of $29.33 and a 200-day moving average of $27.58.

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

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Sunday, June 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.63%. Perdoceo Education's dividend payout ratio (DPR) is 23.01%.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 71,254 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value of $2,262,314.50. Following the completion of the sale, the senior vice president now owns 75,868 shares in the company, valued at approximately $2,408,809. This trade represents a 48.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. The trade was a 16.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,364 shares of company stock worth $6,347,194. Insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research upped their target price on shares of Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, June 6th.

Perdoceo Education 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.