SG Americas Securities LLC Buys Shares of 18,446 Perdoceo Education Corporation (NASDAQ:PRDO)

SG Americas Securities LLC purchased a new position in shares of Perdoceo Education Corporation (NASDAQ:PRDO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,446 shares of the company's stock, valued at approximately $464,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Atria Investments Inc lifted its holdings in Perdoceo Education by 3.6% in the 4th quarter. Atria Investments Inc now owns 10,886 shares of the company's stock worth $288,000 after buying an additional 375 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Perdoceo Education by 1.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company's stock worth $1,457,000 after acquiring an additional 683 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after purchasing an additional 913 shares during the last quarter. Swiss National Bank grew its stake in Perdoceo Education by 0.8% during the 4th quarter. Swiss National Bank now owns 122,700 shares of the company's stock valued at $3,248,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Quarry LP grew its stake 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. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Perdoceo Education

In related news, SVP John Robert Kline sold 71,254 shares of the business'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 sale, the senior vice president now directly owns 75,868 shares in the company, valued at $2,408,809. The trade was a 48.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ashish R. Ghia sold 35,677 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $25.83, for a total transaction of $921,536.91. Following the sale, the chief financial officer now directly owns 204,477 shares of the company's stock, valued at approximately $5,281,640.91. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 180,242 shares of company stock valued at $5,472,103. Company insiders own 2.11% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PRDO. Barrington Research increased their target price on Perdoceo Education from $38.00 to $40.00 and gave the company an "outperform" rating in a research note 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.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO traded up $0.58 during trading on Friday, hitting $32.98. 1,377,378 shares of the company traded hands, compared to its average volume of 492,736. 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 business's fifty day moving average is $30.51 and its 200-day moving average is $27.89. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.86 and a beta of 0.85. Perdoceo Education Corporation has a one year low of $20.32 and a one year high of $34.60.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted 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. Perdoceo Education had a net margin of 20.91% and a return on equity of 17.10%. The firm had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Perdoceo Education's quarterly revenue was up 26.6% on a year-over-year basis. As a group, equities analysts predict 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. Shareholders of record on Sunday, June 1st were given a dividend of $0.13 per share. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. Perdoceo Education's dividend payout ratio (DPR) is 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.