Perdoceo Education Co. (NASDAQ:PRDO) SVP Sells $2,262,314.50 in Stock

Perdoceo Education Co. (NASDAQ:PRDO - Get Free Report) SVP John Robert Kline sold 71,254 shares of Perdoceo Education stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $31.75, for a total value of $2,262,314.50. Following the transaction, the senior vice president now owns 75,868 shares of the company's stock, valued at $2,408,809. The trade was a 48.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Perdoceo Education Stock Down 0.1%

Shares of PRDO stock traded down $0.03 during mid-day trading on Friday, hitting $31.85. The company's stock had a trading volume of 672,130 shares, compared to its average volume of 492,290. Perdoceo Education Co. has a 52-week low of $20.23 and a 52-week high of $34.60. The business has a 50-day moving average price of $29.33 and a 200 day moving average price of $27.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.45 and a current ratio of 4.84. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.75 and a beta of 0.85.

Perdoceo Education (NASDAQ:PRDO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share 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 firm had revenue of $213.00 million during the quarter, compared to analysts' expectations of $207.97 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company's revenue was up 26.6% on a year-over-year basis. Research analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Sunday, June 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, May 30th. Perdoceo Education's dividend payout ratio (DPR) is presently 23.01%.

Institutional Trading of Perdoceo Education

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in Perdoceo Education during the first quarter valued at $25,000. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 913 shares during the period. Quarry LP grew its holdings in Perdoceo Education by 223.6% during the fourth quarter. Quarry LP now owns 1,793 shares of the company's stock valued at $47,000 after purchasing an additional 1,239 shares during the period. Parkside Financial Bank & Trust grew its holdings in Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company's stock valued at $103,000 after purchasing an additional 1,355 shares during the period. Finally, New Vernon Capital Holdings II LLC bought a new stake in Perdoceo Education during the fourth quarter valued at about $127,000. Hedge funds and other institutional investors own 93.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PRDO shares. Wall Street Zen cut Perdoceo Education from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th. Barrington Research boosted their price target on Perdoceo Education from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th.

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.