Seizert Capital Partners LLC Has $4.08 Million Stock Position in Perdoceo Education Corporation (NASDAQ:PRDO)

Seizert Capital Partners LLC lowered its position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 36.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 162,047 shares of the company's stock after selling 91,256 shares during the quarter. Seizert Capital Partners LLC owned 0.25% of Perdoceo Education worth $4,080,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. First Trust Advisors LP increased its holdings in shares of Perdoceo Education by 7.9% in the 4th quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock valued at $87,251,000 after purchasing an additional 241,147 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perdoceo Education by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,817,982 shares of the company's stock valued at $48,129,000 after purchasing an additional 14,591 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Perdoceo Education in the 4th quarter valued at about $47,129,000. Frontier Capital Management Co. LLC increased its holdings in shares of Perdoceo Education by 5.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company's stock valued at $46,042,000 after purchasing an additional 85,100 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Perdoceo Education by 58.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,088,105 shares of the company's stock valued at $27,398,000 after purchasing an additional 403,157 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company's stock.

Perdoceo Education Price Performance

NASDAQ PRDO traded up $0.92 during trading hours on Friday, reaching $29.70. The company's stock had a trading volume of 1,364,830 shares, compared to its average volume of 592,481. The stock has a market cap of $1.95 billion, a PE ratio of 13.14, a PEG ratio of 0.77 and a beta of 0.83. Perdoceo Education Corporation has a fifty-two week low of $20.55 and a fifty-two week high of $34.60. The company's 50-day moving average is $31.22 and its two-hundred day moving average is $28.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.43 and a current ratio of 4.46.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The firm had revenue of $209.58 million for the quarter, compared to analysts' expectations of $206.92 million. During the same period in the prior year, the company earned $0.60 EPS. The firm's revenue was up 25.7% on a year-over-year basis. Analysts forecast that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is an increase 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 2.0%. Perdoceo Education's dividend payout ratio is 23.01%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PRDO shares. Wall Street Zen downgraded shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research reissued an "outperform" rating and issued a $40.00 price objective on shares of Perdoceo Education in a research note on Friday.

Insider Buying and Selling at Perdoceo Education

In related news, SVP John Robert Kline sold 71,254 shares of the company's 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 completion of the sale, the senior vice president owned 75,868 shares of the company's stock, valued at $2,408,809. This represents a 48.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David C. Czeszewski sold 30,892 shares of the business's stock in a transaction dated Friday, June 13th. The stock was 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 approximately $2,916,804.14. The trade was a 25.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,474 shares of company stock valued at $4,157,836. 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.