William Dean Hansen Sells 5,994 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) Director William Dean Hansen sold 5,994 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.56, for a total value of $189,170.64. Following the completion of the transaction, the director now directly owns 44,171 shares of the company's stock, valued at $1,394,036.76. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Perdoceo Education Price Performance

Shares of Perdoceo Education stock traded down $0.03 on Friday, reaching $31.85. The company's stock had a trading volume of 672,130 shares, compared to its average volume of 492,290. The company has a market capitalization of $2.09 billion, a P/E ratio of 14.48, a PEG ratio of 0.75 and a beta of 0.85. Perdoceo Education Co. has a 52-week low of $20.23 and a 52-week high of $34.60. The stock has a 50-day moving average price of $29.33 and a 200-day moving average price of $27.58. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.04. The business had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The business's revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. Analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Sunday, June 1st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, May 30th. Perdoceo Education's payout ratio is 23.01%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Perdoceo Education from a "strong-buy" rating to a "buy" rating in a report on Monday, May 5th. Barrington Research boosted their price target on Perdoceo Education from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, June 6th.

Institutional Trading of Perdoceo Education

Large investors have recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in shares of Perdoceo Education during the first quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its position in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after purchasing an additional 913 shares in the last quarter. Quarry LP increased its position in shares of Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock worth $47,000 after purchasing an additional 1,239 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock worth $103,000 after purchasing an additional 1,355 shares in the last quarter. Finally, New Vernon Capital Holdings II LLC purchased a new stake in shares of Perdoceo Education during the fourth quarter worth approximately $127,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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.