18,446 Shares in Perdoceo Education Corporation (NASDAQ:PRDO) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 18,446 shares of the company's stock, valued at approximately $464,000.

Several other institutional investors also recently modified their holdings of the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Perdoceo Education in the fourth quarter worth about $47,129,000. Boston Partners grew its position in shares of Perdoceo Education by 41.1% in the 4th quarter. Boston Partners now owns 1,209,899 shares of the company's stock valued at $32,379,000 after purchasing an additional 352,470 shares during the period. Millennium Management LLC increased its stake in Perdoceo Education by 46.1% during the 4th quarter. Millennium Management LLC now owns 871,572 shares of the company's stock worth $23,071,000 after purchasing an additional 275,129 shares in the last quarter. Wellington Management Group LLP raised its holdings in Perdoceo Education by 63.0% during the 4th quarter. Wellington Management Group LLP now owns 686,873 shares of the company's stock worth $18,182,000 after buying an additional 265,401 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Perdoceo Education by 7.9% during the fourth quarter. First Trust Advisors LP now owns 3,296,208 shares of the company's stock worth $87,251,000 after acquiring an additional 241,147 shares during the period. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Perdoceo Education news, SVP John Robert Kline sold 71,254 shares of the firm'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 transaction, the senior vice president now directly owns 75,868 shares of the company's stock, valued at $2,408,809. This trade represents a 48.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Dean Hansen sold 5,994 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $31.56, for a total transaction of $189,170.64. Following the sale, the director now directly owns 44,171 shares of the company's stock, valued at approximately $1,394,036.76. This trade represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 192,218 shares of company stock worth $5,777,507. Corporate insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

PRDO has been the topic of several analyst reports. Barrington Research boosted their price target on shares of Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Wall Street Zen lowered Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th.

Perdoceo Education Stock Down 1.3%

Shares of NASDAQ PRDO traded down $0.44 during trading hours on Tuesday, hitting $32.61. The company had a trading volume of 337,962 shares, compared to its average volume of 488,139. Perdoceo Education Corporation has a 1-year low of $20.32 and a 1-year high of $34.60. The firm's 50 day moving average is $30.24 and its 200-day moving average is $27.82. The company has a quick ratio of 4.43, a current ratio of 4.46 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.14 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 0.88 and a beta of 0.85.

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

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Sunday, June 1st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.59%. Perdoceo Education's dividend payout ratio is presently 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.