Gallacher Capital Management LLC Purchases New Holdings in Perdoceo Education Corporation $PRDO

Key Points

• Gallacher Capital Management LLC acquired a new stake of 11,113 shares in Perdoceo Education Corporation, valued at approximately $363,000, as reported in a recent 13F filing.
• Perdoceo Education's latest quarterly earnings topped expectations, reporting $0.67 EPS against an analyst consensus of $0.65, with revenues of $209.58 million.
• The company recently increased its quarterly dividend to $0.15 per share, up from the previous $0.13, resulting in an annualized dividend yield of 1.7%.

Gallacher Capital Management LLC acquired a new stake in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,113 shares of the company's stock, valued at approximately $363,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in Perdoceo Education during the 4th quarter valued at $637,000. Bank of America Corp DE lifted its holdings in Perdoceo Education by 21.6% during the 4th quarter. Bank of America Corp DE now owns 140,685 shares of the company's stock worth $3,724,000 after buying an additional 24,991 shares during the last quarter. Deutsche Bank AG grew its position in shares of Perdoceo Education by 58.7% in the 4th quarter. Deutsche Bank AG now owns 57,959 shares of the company's stock worth $1,534,000 after acquiring an additional 21,432 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Perdoceo Education during the 4th quarter valued at approximately $1,567,000. Finally, Lazard Asset Management LLC increased its stake in Perdoceo Education by 37.3% during the fourth quarter. Lazard Asset Management LLC now owns 59,870 shares of the company's stock valued at $1,584,000 after purchasing an additional 16,259 shares during the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Perdoceo Education Trading Up 0.3%

Shares of NASDAQ:PRDO opened at $34.95 on Tuesday. The company has a quick ratio of 4.26, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The company's 50-day moving average price is $31.18 and its 200 day moving average price is $29.52. The company has a market cap of $2.27 billion, a PE ratio of 15.13, a P/E/G ratio of 0.92 and a beta of 0.91. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $35.15.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly 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 company had revenue of $209.58 million during the quarter, compared to analyst estimates of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%.The firm's quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Sell-side analysts anticipate that Perdoceo Education Corporation will post 2.41 earnings per share for the current 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 a boost 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 25.97%.

Insider Buying and Selling

In related news, CFO Ashish R. Ghia sold 53,081 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $30.70, for a total transaction of $1,629,586.70. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Gregory L. Jackson sold 4,568 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was 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 in the company, valued at approximately $1,981,265. This trade represents a 6.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,444 shares of company stock valued at $3,330,728 over the last quarter. Corporate insiders own 2.11% of the company's stock.

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.

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