Nebula Research & Development LLC Increases Position in Perdoceo Education Co. (NASDAQ:PRDO)

Nebula Research & Development LLC increased its holdings in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) by 31.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,151 shares of the company's stock after purchasing an additional 13,256 shares during the quarter. Nebula Research & Development LLC owned 0.08% of Perdoceo Education worth $1,460,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company's stock worth $34,000 after buying an additional 913 shares during the last quarter. R Squared Ltd acquired a new position in Perdoceo Education during the fourth quarter worth $60,000. KBC Group NV grew its holdings in Perdoceo Education by 47.5% in the 4th quarter. KBC Group NV now owns 3,696 shares of the company's stock valued at $98,000 after buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust increased its stake 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 worth $103,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Perdoceo Education during the 4th quarter worth $172,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Wall Street Analysts Forecast Growth

PRDO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Barrington Research restated an "outperform" rating and set a $35.00 price target on shares of Perdoceo Education in a report on Thursday, April 24th.

Perdoceo Education Trading Up 0.4 %

Shares of Perdoceo Education stock traded up $0.10 during trading hours on Thursday, hitting $25.22. The company's stock had a trading volume of 104,644 shares, compared to its average volume of 472,595. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. Perdoceo Education Co. has a twelve month low of $18.10 and a twelve month high of $29.84. The firm has a fifty day moving average of $25.30 and a 200-day moving average of $25.86.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The company had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. Research analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Saturday, March 1st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, February 28th. Perdoceo Education's payout ratio is 23.64%.

Insider Buying and Selling

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the completion of the transaction, the senior vice president now owns 93,354 shares in the company, valued at $2,255,432.64. The trade was a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 38,984 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the completion of the sale, the chief executive officer now owns 644,047 shares in the company, valued at approximately $15,882,199.02. The trade was a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,691 shares of company stock valued at $2,774,669 in the last ninety days. Company 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.