Perdoceo Education Corporation $PRDO Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Perdoceo Education Corporation by 7.6%, now owning 108,292 shares valued at approximately $3.54 million.
• Insider sales included Elise Baskel, SVP, selling 21,212 shares and Gregory L. Jackson, Chairman, selling 16,561 shares, collectively indicating a significant decrease in their holdings.
• Barrington Research maintains an "outperform" rating for Perdoceo Education with a price target of $40.00, while the company reported a quarterly EPS of $0.67, beating expectations.

Exchange Traded Concepts LLC cut its stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 7.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,292 shares of the company's stock after selling 8,882 shares during the period. Exchange Traded Concepts LLC owned 0.17% of Perdoceo Education worth $3,540,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PRDO. AlphaQuest LLC increased its holdings in shares of Perdoceo Education by 4.7% in the first quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after buying an additional 399 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Perdoceo Education by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock valued at $922,000 after purchasing an additional 500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Perdoceo Education by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock valued at $1,457,000 after purchasing an additional 683 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Perdoceo Education in the first quarter worth $25,000. Finally, Comerica Bank raised its holdings in shares of Perdoceo Education by 4.4% during the first quarter. Comerica Bank now owns 39,029 shares of the company's stock valued at $983,000 after purchasing an additional 1,634 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Stock Down 1.7%

Shares of NASDAQ PRDO traded down $0.61 during midday trading on Friday, reaching $34.94. The company's stock had a trading volume of 1,676,317 shares, compared to its average volume of 531,744. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $35.90. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.92 and a beta of 0.91. The stock has a 50 day simple moving average of $31.62 and a 200-day simple moving average of $29.79. The company has a current ratio of 4.27, a quick ratio of 4.26 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $209.58 million during the quarter, compared to analysts' expectations of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The business's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities research analysts predict that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The company 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. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, September 2nd. Perdoceo Education's dividend payout ratio is currently 25.97%.

Insider Buying and Selling

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 16,561 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $33.51, for a total value of $554,959.11. Following the completion of the sale, the chairman owned 60,962 shares of the company's stock, valued at $2,042,836.62. This trade represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ashish R. Ghia sold 53,081 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $30.70, for a total value of $1,629,586.70. Following the sale, the chief financial officer owned 157,632 shares of the company's stock, valued at $4,839,302.40. This trade represents a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 205,656 shares of company stock worth $6,871,148 over the last 90 days. 2.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and issued a $40.00 target price on shares of Perdoceo Education in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Perdoceo Education has a consensus rating of "Buy" and an average target price of $40.00.

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.