Picton Mahoney Asset Management Has $380,000 Stock Holdings in Perdoceo Education Corporation (NASDAQ:PRDO)

Picton Mahoney Asset Management boosted its position in Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) by 28,903.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,082 shares of the company's stock after buying an additional 15,030 shares during the quarter. Picton Mahoney Asset Management's holdings in Perdoceo Education were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc bought a new stake in shares of Perdoceo Education during the 1st quarter valued at $25,000. Quarry LP grew its position in Perdoceo Education by 223.6% during the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after purchasing an additional 1,239 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in Perdoceo Education during the 4th quarter worth approximately $127,000. Point72 Asset Management L.P. increased its holdings in shares of Perdoceo Education by 31.7% during the 4th 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, Nomura Asset Management Co. Ltd. acquired a new stake in Perdoceo Education in the 4th quarter valued at $219,000. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

PRDO has been the topic of several recent analyst reports. Wall Street Zen lowered 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 set a $40.00 price objective on shares of Perdoceo Education in a research note on Friday.

Insider Buying and Selling

In other news, SVP David C. Czeszewski sold 30,892 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $31.66, for a total transaction of $978,040.72. Following the sale, the senior vice president directly owned 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John Robert Kline sold 71,254 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $2,408,809. This represents a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,474 shares of company stock valued at $4,157,836. 2.11% of the stock is owned by company insiders.

Perdoceo Education Price Performance

Shares of PRDO traded down $0.78 during trading hours on Monday, hitting $28.92. 272,357 shares of the company were exchanged, compared to its average volume of 590,118. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The company has a market capitalization of $1.90 billion, a PE ratio of 12.56, a PEG ratio of 0.79 and a beta of 0.87. The firm has a fifty day simple moving average of $31.19 and a 200-day simple moving average of $28.51. Perdoceo Education Corporation has a one year low of $20.55 and a one year high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $209.58 million for the quarter, compared to the consensus estimate of $206.92 million. Perdoceo Education had a return on equity of 17.13% and a net margin of 20.09%. The business's revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. As a group, sell-side analysts predict that Perdoceo Education Corporation will post 2.41 earnings per share for the current year.

Perdoceo Education Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. This is a boost from Perdoceo Education's previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, September 2nd. Perdoceo Education's dividend payout ratio is presently 25.97%.

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.