Freestone Grove Partners LP Purchases New Shares in Perdoceo Education Corporation $PRDO

Key Points

• Freestone Grove Partners acquired 35,047 Perdoceo Education shares worth approximately $1.12 million, joining institutional investors that collectively own 93.46% of the company.
• Perdoceo reported quarterly EPS of $0.80, matching estimates, while revenue rose 1.8% year over year to $213.35 million. The company guided for third-quarter EPS of $0.73–$0.74 and full-year EPS of $3.10–$3.16.
• The company increased its quarterly dividend from $0.15 to $0.17, implying an annualized dividend of $0.68 and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with a $44 target price, although some insider shares were sold recently.

Freestone Grove Partners LP acquired a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 35,047 shares of the company's stock, valued at approximately $1,122,000. Freestone Grove Partners LP owned approximately 0.06% of Perdoceo Education at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PRDO. Royal Bank of Canada increased its stake in Perdoceo Education by 19.2% in the 1st quarter. Royal Bank of Canada now owns 10,663 shares of the company's stock valued at $269,000 after buying an additional 1,717 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Perdoceo Education by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,278 shares of the company's stock worth $1,417,000 after buying an additional 1,235 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company's stock worth $38,964,000 after buying an additional 513,599 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Perdoceo Education by 117.5% in the 1st quarter. Jane Street Group LLC now owns 267,312 shares of the company's stock worth $6,731,000 after buying an additional 144,395 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Perdoceo Education by 192.2% in the second quarter. Marshall Wace LLP now owns 80,212 shares of the company's stock valued at $2,622,000 after acquiring an additional 52,762 shares in the last quarter. 93.46% of the stock is owned by hedge funds and other institutional investors.

Perdoceo Education Stock Down 0.7%

Shares of NASDAQ PRDO opened at $33.57 on Friday. Perdoceo Education Corporation has a twelve month low of $26.66 and a twelve month high of $38.50. The firm has a market capitalization of $2.10 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.72 and a beta of 0.71. The stock's 50-day simple moving average is $32.89 and its two-hundred day simple moving average is $33.80.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80. Perdoceo Education had a net margin of 20.62% and a return on equity of 18.93%. The firm had revenue of $213.35 million for the quarter, compared to the consensus estimate of $212.50 million. During the same period last year, the firm posted $0.67 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. Perdoceo Education has set its Q3 2026 guidance at 0.730-0.740 EPS and its FY 2026 guidance at 3.100-3.160 EPS. As a group, research analysts anticipate that Perdoceo Education Corporation will post 3.13 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, September 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from Perdoceo Education's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Perdoceo Education's payout ratio is 21.90%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen lowered Perdoceo Education from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of Perdoceo Education in a research note on Friday, July 17th. Finally, Barrington Research set a $44.00 target price on Perdoceo Education in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.00.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, Chairman Gregory L. Jackson sold 11,271 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $31.78, for a total transaction of $358,192.38. Following the transaction, the chairman directly owned 64,949 shares of the company's stock, valued at approximately $2,064,079.22. The trade was a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenda B. Gonzales sold 9,308 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $34.79, for a total transaction of $323,825.32. Following the transaction, the director directly owned 48,158 shares in the company, valued at approximately $1,675,416.82. The trade was a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.46% of the company's stock.

Perdoceo Education Profile

Perdoceo Education Corporation NASDAQ: PRDO is a for-profit postsecondary education provider offering certificate, associate, bachelor's and master's degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.

With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.

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