Denali Advisors LLC Decreases Position in Perdoceo Education Corporation $PRDO

Key Points

• Denali Advisors LLC has significantly reduced its position in Perdoceo Education Corporation by 42.3%, now owning 107,754 shares worth approximately $3.52 million.
• Perdoceo Education recently reported earnings of $0.67 per share for the quarter, exceeding estimates, and has raised its quarterly dividend from $0.13 to $0.15.
• Despite insider selling—most notably by CEO Todd S. Nelson—analyst ratings remain positive, with two analysts rating the stock as a "Buy" and a new price target of $42.00.

Denali Advisors LLC lowered its stake in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 42.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,754 shares of the company's stock after selling 79,036 shares during the quarter. Denali Advisors LLC owned about 0.16% of Perdoceo Education worth $3,522,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PRDO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Perdoceo Education by 2.2% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,037 shares of the company's stock worth $557,000 after purchasing an additional 361 shares in the last quarter. AlphaQuest LLC raised its holdings in Perdoceo Education by 4.7% during the first quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after purchasing an additional 399 shares in the last quarter. Equitable Trust Co. raised its holdings in Perdoceo Education by 3.3% during the second quarter. Equitable Trust Co. now owns 14,024 shares of the company's stock worth $458,000 after purchasing an additional 451 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Perdoceo Education by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 37,194 shares of the company's stock valued at $1,216,000 after buying an additional 570 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in Perdoceo Education during the 1st quarter valued at $25,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Perdoceo Education

In other news, Chairman Gregory L. Jackson sold 4,568 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $148,460.00. Following the completion of the sale, the chairman owned 60,962 shares of the company's stock, valued at approximately $1,981,265. This represents a 6.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd S. Nelson sold 40,000 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total value of $1,406,800.00. Following the sale, the chief executive officer directly owned 524,047 shares in the company, valued at approximately $18,430,732.99. This trade represents a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 205,656 shares of company stock worth $6,871,148 in the last 90 days. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

NASDAQ:PRDO opened at $36.43 on Wednesday. The company has a market cap of $2.37 billion, a P/E ratio of 15.77, a P/E/G ratio of 0.94 and a beta of 0.88. The stock's 50-day simple moving average is $34.43 and its 200 day simple moving average is $31.40. Perdoceo Education Corporation has a 52-week low of $20.58 and a 52-week high of $38.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.26 and a current ratio of 4.27.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $209.58 million for the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. Perdoceo Education's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. Perdoceo Education has set its Q3 2025 guidance at 0.600-0.620 EPS. FY 2025 guidance at 2.480-2.550 EPS. As a group, sell-side analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. Perdoceo Education's payout ratio is presently 25.97%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barrington Research restated an "outperform" rating and set a $42.00 price target on shares of Perdoceo Education in a report on Tuesday. Wall Street Zen raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $42.00.

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.

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