Perdoceo Education Corporation $PRDO Stake Reduced 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 lessened its holdings in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,292 shares of the company's stock after selling 8,882 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.17% of Perdoceo Education worth $3,540,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC boosted its holdings in 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 purchasing an additional 399 shares during the period. SummerHaven Investment Management LLC boosted its holdings in Perdoceo Education by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock worth $922,000 after purchasing an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Perdoceo Education by 1.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock valued at $1,457,000 after acquiring an additional 683 shares during the period. IFP Advisors Inc acquired a new position in shares of Perdoceo Education during the first quarter valued at $25,000. Finally, Comerica Bank boosted 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 acquiring an additional 1,634 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Stock Performance

Shares of NASDAQ PRDO traded down $0.11 during midday trading on Tuesday, reaching $35.77. 108,446 shares of the company traded hands, compared to its average volume of 605,450. Perdoceo Education Corporation has a 52 week low of $20.55 and a 52 week high of $36.02. The stock has a 50-day moving average price of $31.75 and a 200 day moving average price of $29.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.92 and a beta of 0.91.

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

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.15 per share. This is an increase from Perdoceo Education's previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Perdoceo Education's dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling at Perdoceo Education

In related news, CEO Todd S. Nelson sold 40,000 shares of Perdoceo Education stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $35.17, for a total transaction of $1,406,800.00. Following the sale, the chief executive officer directly owned 524,047 shares in the company, valued at $18,430,732.99. The trade was a 7.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gregory L. Jackson sold 4,568 shares of Perdoceo Education stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $32.50, for a total transaction of $148,460.00. Following the sale, the chairman owned 60,962 shares in the company, valued at approximately $1,981,265. This represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 205,656 shares of company stock valued at $6,871,148. 2.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Barrington Research boosted their price target on shares of Perdoceo Education from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $42.00.

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.