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

GAMMA Investing LLC lifted its holdings in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 5,773.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,435 shares of the company's stock after acquiring an additional 22,053 shares during the period. GAMMA Investing LLC's holdings in Perdoceo Education were worth $565,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PRDO. Smartleaf Asset Management LLC increased its position in shares of Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after acquiring an additional 913 shares in the last quarter. Quarry LP grew its holdings in Perdoceo Education by 223.6% during the 4th 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. Parkside Financial Bank & Trust grew its holdings in Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after purchasing an additional 1,355 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new stake in Perdoceo Education during the 4th quarter valued at $127,000. Finally, Quantbot Technologies LP acquired a new stake in Perdoceo Education during the 4th quarter valued at $172,000. Institutional investors and hedge funds own 93.46% of the company's stock.

Analyst Ratings Changes

A number of 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 report on Friday, June 6th. Wall Street Zen lowered shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Insiders Place Their Bets

In related news, Director William Dean Hansen sold 5,994 shares of Perdoceo Education stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $31.56, for a total value of $189,170.64. Following the sale, the director now directly owns 44,171 shares in the company, valued at $1,394,036.76. This trade represents a 11.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Ashish R. Ghia sold 11,914 shares of Perdoceo Education stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $25.50, for a total transaction of $303,807.00. Following the completion of the sale, the chief financial officer now owns 240,216 shares in the company, valued at approximately $6,125,508. This represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 198,454 shares of company stock valued at $5,933,407 in the last ninety days. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Price Performance

PRDO opened at $32.30 on Thursday. The company has a fifty day simple moving average of $29.70 and a 200 day simple moving average of $27.68. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 0.85 and a beta of 0.85. Perdoceo Education Corporation has a twelve month low of $20.23 and a twelve 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.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Equities research analysts expect that Perdoceo Education Corporation will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Sunday, June 1st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, May 30th. Perdoceo Education's dividend payout ratio is currently 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.

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