Hussman Strategic Advisors Inc. Buys New Stake in Perdoceo Education Corporation (NASDAQ:PRDO)

Hussman Strategic Advisors Inc. acquired a new position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,000 shares of the company's stock, valued at approximately $529,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP increased its stake in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new position in shares of Perdoceo Education during the fourth quarter valued at approximately $127,000. Quantbot Technologies LP bought a new position in shares of Perdoceo Education during the fourth quarter valued at approximately $172,000. Point72 Asset Management L.P. increased its stake in shares of Perdoceo Education by 31.7% during the fourth quarter. Point72 Asset Management L.P. now owns 7,900 shares of the company's stock valued at $209,000 after purchasing an additional 1,900 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Perdoceo Education during the fourth quarter valued at approximately $215,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PRDO shares. Barrington Research raised their price target on shares of Perdoceo Education from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 5th.

Insiders Place Their Bets

In other Perdoceo Education news, SVP David C. Czeszewski sold 30,892 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $31.66, for a total value of $978,040.72. Following the sale, the senior vice president owned 92,129 shares in the company, valued at $2,916,804.14. The trade was a 25.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sunitha Araamudhu sold 14,296 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $30.69, for a total transaction of $438,744.24. Following the completion of the sale, the senior vice president owned 34,891 shares in the company, valued at approximately $1,070,804.79. The trade was a 29.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,565 shares of company stock worth $4,550,566. 2.11% of the stock is owned by corporate insiders.

Perdoceo Education Stock Performance

PRDO stock traded down $0.06 on Friday, hitting $29.65. The company had a trading volume of 1,256,362 shares, compared to its average volume of 503,620. Perdoceo Education Corporation has a 12-month low of $20.55 and a 12-month high of $34.60. The company has a current ratio of 4.46, a quick ratio of 4.43 and a debt-to-equity ratio of 0.01. The stock's 50-day simple moving average is $31.67 and its 200 day simple moving average is $28.32. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.79 and a beta of 0.83.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The business had revenue of $213.00 million for the quarter, compared to analysts' expectations of $207.97 million. During the same quarter last year, the company posted $0.60 EPS. The company's revenue was up 26.6% compared to the same quarter last year. As a group, equities research analysts expect that Perdoceo Education Corporation will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Sunday, June 1st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Friday, May 30th. Perdoceo Education's payout ratio is currently 23.01%.

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.