Calamos Advisors LLC Invests $437,000 in Perdoceo Education Corporation (NASDAQ:PRDO)

Calamos Advisors LLC acquired a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,349 shares of the company's stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRDO. Castlekeep Investment Advisors LLC purchased a new stake in shares of Perdoceo Education in the 4th quarter worth approximately $47,129,000. Boston Partners grew its stake in shares of Perdoceo Education by 41.1% in the fourth quarter. Boston Partners now owns 1,209,899 shares of the company's stock worth $32,379,000 after acquiring an additional 352,470 shares during the last quarter. Millennium Management LLC grew its position in Perdoceo Education by 46.1% during the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company's stock valued at $23,071,000 after purchasing an additional 275,129 shares during the last quarter. Wellington Management Group LLP grew its position in Perdoceo Education by 63.0% during the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock valued at $18,182,000 after purchasing an additional 265,401 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Perdoceo Education by 7.9% during the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after purchasing an additional 241,147 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

NASDAQ PRDO traded down $0.33 during trading hours on Tuesday, hitting $30.66. The company's stock had a trading volume of 27,066 shares, compared to its average volume of 490,802. Perdoceo Education Corporation has a 12 month low of $20.55 and a 12 month high of $34.60. The company's 50 day simple moving average is $31.53 and its two-hundred day simple moving average is $28.14. The company has a market cap of $2.01 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.86 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 4.43.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The firm 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 20.91% and a return on equity of 17.10%. The business's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. As a group, sell-side analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Sunday, June 1st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.70%. The ex-dividend date was Friday, May 30th. Perdoceo Education's dividend payout ratio is currently 23.01%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PRDO. Wall Street Zen cut shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research increased their price target on shares of Perdoceo Education from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, June 6th.

Insider Buying and Selling

In other Perdoceo Education news, SVP Sunitha Araamudhu sold 14,296 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $30.69, for a total value of $438,744.24. Following the transaction, the senior vice president directly owned 34,891 shares of the company's stock, valued at approximately $1,070,804.79. This trade represents a 29.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David C. Czeszewski sold 30,892 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $31.66, for a total value of $978,040.72. Following the completion of the transaction, the senior vice president directly owned 92,129 shares in the company, valued at $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,565 shares of company stock valued at $4,550,566 in the last ninety days. Corporate 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.