Numerai GP LLC Makes New $604,000 Investment in Perdoceo Education Co. (NASDAQ:PRDO)

Numerai GP LLC bought a new position in Perdoceo Education Co. (NASDAQ:PRDO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,819 shares of the company's stock, valued at approximately $604,000.

Several other large investors also recently bought and sold shares of PRDO. Smartleaf Asset Management LLC grew its stake 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 valued at $34,000 after acquiring an additional 913 shares in the last quarter. Quarry LP raised its stake in shares of Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares in the last quarter. R Squared Ltd bought a new position in Perdoceo Education during the 4th quarter worth approximately $60,000. KBC Group NV increased its holdings in shares of 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 acquiring an additional 1,190 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after acquiring an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company's stock.

Perdoceo Education Trading Down 0.7%

PRDO traded down $0.23 during mid-day trading on Tuesday, hitting $31.13. The stock had a trading volume of 52,739 shares, compared to its average volume of 468,402. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a 1-year low of $20.23 and a 1-year high of $32.03. The stock's fifty day simple moving average is $26.61 and its 200-day simple moving average is $26.74. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 0.75 and a beta of 0.79.

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

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.67%. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling

In related news, insider Michele A. Peppers sold 13,091 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $30.00, for a total transaction of $392,730.00. Following the completion of the sale, the insider now owns 49,914 shares of the company's stock, valued at $1,497,420. This trade represents a 20.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Elise Baskel sold 17,818 shares of the company'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 sale, the senior vice president now 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 position. The disclosure for this sale can be found here. Insiders sold 127,820 shares of company stock valued at $3,296,615 over the last quarter. Insiders own 2.11% of the company's stock.

Analyst Upgrades and Downgrades

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

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.