Nebula Research & Development LLC Purchases 13,256 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company's stock valued at $2,460,000 after purchasing an additional 86,227 shares during the last quarter. Franklin Resources Inc. increased its stake in Perdoceo Education by 9.6% during the third quarter. Franklin Resources Inc. now owns 278,091 shares of the company's stock valued at $5,954,000 after purchasing an additional 24,434 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Perdoceo Education by 3.0% during the third quarter. JPMorgan Chase & Co. now owns 582,180 shares of the company's stock valued at $12,948,000 after acquiring an additional 16,720 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Perdoceo Education during the fourth quarter valued at $358,000. Finally, Inspire Investing LLC acquired a new position in shares of Perdoceo Education during the fourth quarter valued at $818,000. Institutional investors own 93.46% of the company's stock.

Perdoceo Education Stock Performance

PRDO traded down $0.06 on Wednesday, hitting $25.16. The company had a trading volume of 275,059 shares, compared to its average volume of 473,819. Perdoceo Education Co. has a 1-year low of $18.10 and a 1-year high of $29.84. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. The company's fifty day moving average price is $25.32 and its 200 day moving average price is $25.87.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.85% and a net margin of 21.66%. The company had revenue of $176.43 million for the quarter, compared to analyst estimates of $160.12 million. Equities analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, February 28th. Perdoceo Education's payout ratio is presently 23.64%.

Insiders Place Their Bets

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 93,354 shares of the company's stock, valued at approximately $2,255,432.64. This trade represents a 16.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd S. Nelson sold 38,984 shares of the company's stock in a transaction dated 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 directly owns 644,047 shares of the company's stock, valued at approximately $15,882,199.02. This trade represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,691 shares of company stock valued at $2,774,669. Insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PRDO shares. StockNews.com raised shares of Perdoceo Education from a "buy" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Barrington Research reaffirmed an "outperform" rating and issued a $35.00 price objective on shares of Perdoceo Education in a report on Thursday, April 24th.

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.