Stratos Wealth Advisors LLC Makes New $1.13 Million Investment in Perdoceo Education Co. (NASDAQ:PRDO)

Stratos Wealth Advisors LLC acquired a new stake in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 64,101 shares of the company's stock, valued at approximately $1,126,000. Stratos Wealth Advisors LLC owned approximately 0.10% of Perdoceo Education at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in Perdoceo Education by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,658 shares of the company's stock valued at $327,000 after buying an additional 726 shares during the last quarter. Raymond James & Associates lifted its holdings in Perdoceo Education by 4.7% in the 3rd quarter. Raymond James & Associates now owns 17,757 shares of the company's stock valued at $304,000 after purchasing an additional 804 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Perdoceo Education by 5.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,077 shares of the company's stock worth $275,000 after purchasing an additional 811 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Perdoceo Education by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,599 shares of the company's stock worth $170,000 after buying an additional 853 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Perdoceo Education by 5.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 22,058 shares of the company's stock valued at $271,000 after buying an additional 1,190 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Price Performance

Shares of PRDO stock opened at $17.39 on Tuesday. The firm's 50-day simple moving average is $17.63 and its 200-day simple moving average is $17.62. Perdoceo Education Co. has a 1-year low of $11.50 and a 1-year high of $19.62. The firm has a market cap of $1.14 billion, a P/E ratio of 7.98, a PEG ratio of 0.55 and a beta of 0.96.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The company had revenue of $147.30 million for the quarter, compared to the consensus estimate of $146.20 million. During the same quarter last year, the firm posted $0.31 earnings per share. Perdoceo Education's revenue was down 16.4% on a year-over-year basis. Analysts expect that Perdoceo Education Co. will post 2.12 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.53%. Perdoceo Education's dividend payout ratio (DPR) is currently 20.18%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PRDO shares. Barrington Research restated an "outperform" rating and set a $23.00 target price on shares of Perdoceo Education in a research report on Friday, February 9th. StockNews.com raised Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 19th.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the sale, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Todd S. Nelson sold 9,500 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the completion of the sale, the chief executive officer now directly owns 685,098 shares of the company's stock, valued at $12,674,313. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $18.50, for a total value of $296,000.00. Following the transaction, the chief executive officer now directly owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 121,500 shares of company stock worth $2,189,350. 2.73% of the stock is currently owned by company insiders.

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.