Perdoceo Education Co. (NASDAQ:PRDO) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC increased its position in shares of Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,917 shares of the company's stock after acquiring an additional 22,466 shares during the period. Jane Street Group LLC owned about 0.19% of Perdoceo Education worth $3,254,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PRDO. Smartleaf Asset Management LLC increased its holdings in shares of Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock valued at $34,000 after acquiring an additional 913 shares during the last quarter. Quarry LP lifted 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 acquiring an additional 1,239 shares during the period. R Squared Ltd acquired a new stake in Perdoceo Education during the 4th quarter worth approximately $60,000. KBC Group NV lifted its position in Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after purchasing an additional 1,190 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Perdoceo Education by 53.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after buying an additional 1,355 shares during the period. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Trading Up 0.0%

Shares of PRDO traded up $0.01 during mid-day trading on Monday, hitting $31.36. The company had a trading volume of 408,787 shares, compared to its average volume of 469,978. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $32.03. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The business's 50-day simple moving average is $26.61 and its 200-day simple moving average is $26.74. The stock has a market cap of $2.06 billion, a PE ratio of 14.25, a P/E/G ratio of 0.75 and a beta of 0.79.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly 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 return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $213.00 million during the quarter, compared to analyst estimates of $207.97 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm's revenue was up 26.6% on a year-over-year basis. Sell-side analysts forecast that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Sunday, June 1st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barrington Research boosted their price objective on shares of Perdoceo Education from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. StockNews.com cut shares of Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

Insider Buying and Selling

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total transaction of $430,482.88. Following the completion of the transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at $2,255,432.64. This trade represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michele A. Peppers sold 4,038 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $32.00, for a total value of $129,216.00. Following the completion of the sale, the insider now directly owns 45,876 shares of the company's stock, valued at approximately $1,468,032. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,820 shares of company stock valued at $3,296,615. Corporate insiders own 2.11% of the company's stock.

Perdoceo Education Company 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.