Exchange Traded Concepts LLC Sells 90,461 Shares of Perdoceo Education Corporation (NASDAQ:PRDO)

Exchange Traded Concepts LLC decreased its holdings in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 43.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,174 shares of the company's stock after selling 90,461 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.18% of Perdoceo Education worth $2,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in Perdoceo Education by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 318,963 shares of the company's stock worth $8,443,000 after purchasing an additional 10,680 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Perdoceo Education by 18.5% in the 4th quarter. Sanctuary Advisors LLC now owns 43,991 shares of the company's stock worth $1,260,000 after acquiring an additional 6,875 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Perdoceo Education by 23.8% during the 4th quarter. New York State Common Retirement Fund now owns 84,217 shares of the company's stock worth $2,229,000 after purchasing an additional 16,200 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Perdoceo Education during the fourth quarter valued at approximately $358,000. Finally, Rothschild Investment LLC increased its position in shares of Perdoceo Education by 360.8% during the fourth quarter. Rothschild Investment LLC now owns 85,250 shares of the company's stock valued at $2,257,000 after purchasing an additional 66,751 shares during the period. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock traded down $0.14 during midday trading on Friday, hitting $32.17. 313,522 shares of the company were exchanged, compared to its average volume of 492,600. The firm has a 50 day simple moving average of $29.84 and a 200-day simple moving average of $27.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.46 and a quick ratio of 4.43. The firm has a market cap of $2.11 billion, a P/E ratio of 14.26, a PEG ratio of 0.86 and a beta of 0.85. Perdoceo Education Corporation has a 52 week low of $20.23 and a 52 week high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.70 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 analyst estimates of $207.97 million. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The company's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Research analysts forecast that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Sunday, June 1st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.62%. Perdoceo Education's dividend payout ratio is 23.01%.

Analyst Upgrades and Downgrades

PRDO has been the topic of several analyst reports. Wall Street Zen cut shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research upped their target price on shares of Perdoceo Education from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, June 6th.

Insider Buying and Selling at Perdoceo Education

In related news, CFO Ashish R. Ghia sold 11,914 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $25.50, for a total value of $303,807.00. Following the completion of the transaction, the chief financial officer now owns 240,216 shares in the company, valued at $6,125,508. The trade was a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michele A. Peppers sold 13,091 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $392,730.00. Following the completion of the transaction, the insider now owns 49,914 shares in the company, valued at $1,497,420. The trade was a 20.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 198,454 shares of company stock worth $5,933,407. 2.11% of the stock is currently owned by insiders.

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.