Gallacher Capital Management LLC Buys 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 bought a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,113 shares of the company's stock, valued at approximately $363,000.

Several other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in shares of Perdoceo Education by 4.7% in the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company's stock worth $226,000 after acquiring an additional 399 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in Perdoceo Education by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company's stock valued at $922,000 after buying an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 buying an additional 683 shares in the last quarter. IFP Advisors Inc bought a new stake in Perdoceo Education during the 1st quarter valued at about $25,000. Finally, Comerica Bank lifted its holdings in Perdoceo Education by 4.4% during the 1st quarter. Comerica Bank now owns 39,029 shares of the company's stock valued at $983,000 after buying an additional 1,634 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

Shares of PRDO stock traded down $0.61 during trading hours on Friday, hitting $34.94. The company's stock had a trading volume of 1,676,317 shares, compared to its average volume of 490,560. The company has a 50 day moving average of $31.62 and a 200 day moving average of $29.73. The stock has a market cap of $2.27 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.94 and a beta of 0.91. 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 Corporation has a 12-month low of $20.55 and a 12-month high of $35.90.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $206.92 million. During the same period in the prior year, the firm earned $0.60 EPS. The business's revenue for the quarter 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. On average, sell-side analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were given 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 yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Perdoceo Education's dividend payout ratio (DPR) is currently 25.97%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and set a $40.00 price objective 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, Perdoceo Education presently has a consensus rating of "Buy" and a consensus price target of $40.00.

Insider Activity at Perdoceo Education

In other news, CEO Todd S. Nelson sold 40,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer owned 524,047 shares of the company's stock, valued at $18,430,732.99. This represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Elise Baskel sold 21,212 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $35.00, for a total transaction of $742,420.00. Following the transaction, the senior vice president directly owned 72,142 shares of the company's stock, valued at approximately $2,524,970. This trade represents a 22.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,656 shares of company stock valued at $6,871,148 in the last three months. Company insiders own 2.11% of the company's stock.

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.