Perdoceo Education Corporation (NASDAQ:PRDO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 5,773.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 22,435 shares of the company's stock after buying an additional 22,053 shares during the quarter. GAMMA Investing LLC's holdings in Perdoceo Education were worth $565,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Atria Investments Inc increased its stake in Perdoceo Education by 3.6% in the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company's stock valued at $288,000 after buying an additional 375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Perdoceo Education by 1.3% in 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 during the period. Smartleaf Asset Management LLC increased its stake in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after buying an additional 913 shares during the period. Swiss National Bank increased its stake in Perdoceo Education by 0.8% in the 4th quarter. Swiss National Bank now owns 122,700 shares of the company's stock valued at $3,248,000 after buying an additional 1,000 shares during the period. Finally, Quarry LP increased its stake in Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after buying an additional 1,239 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PRDO shares. 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 boosted their price objective 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 Transactions at Perdoceo Education

In related news, SVP John Robert Kline sold 71,254 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value of $2,262,314.50. Following the sale, the senior vice president now directly owns 75,868 shares of the company's stock, valued at approximately $2,408,809. This represents a 48.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David C. Czeszewski sold 30,892 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $31.66, for a total transaction of $978,040.72. Following the completion of the sale, the senior vice president now directly owns 92,129 shares in the company, valued at approximately $2,916,804.14. The trade was a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 198,454 shares of company stock valued at $5,933,407 in the last ninety days. 2.11% of the stock is currently owned by company insiders.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO traded down $0.12 on Friday, reaching $32.18. 953,612 shares of the company were exchanged, compared to its average volume of 488,293. The company has a current ratio of 4.46, a quick ratio of 4.43 and a debt-to-equity ratio of 0.01. Perdoceo Education Corporation has a 1-year low of $20.32 and a 1-year high of $34.60. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 0.86 and a beta of 0.85. The company has a 50-day moving average of $29.96 and a 200-day moving average of $27.74.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company posted $0.60 EPS. The business's revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts forecast 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. Stockholders of record on Sunday, June 1st were paid 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 dividend yield of 1.62%. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

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.