Todd S. Nelson Sells 12,472 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 12,472 shares of Perdoceo Education stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $26.29, for a total value of $327,888.88. Following the transaction, the chief executive officer now owns 615,697 shares in the company, valued at approximately $16,186,674.13. The trade was a 1.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Perdoceo Education Trading Down 1.5 %

Shares of NASDAQ:PRDO traded down $0.38 during midday trading on Monday, hitting $25.68. The stock had a trading volume of 335,482 shares, compared to its average volume of 330,361. The company has a market capitalization of $1.69 billion, a PE ratio of 12.90, a P/E/G ratio of 0.81 and a beta of 1.06. Perdoceo Education Co. has a 1 year low of $16.12 and a 1 year high of $29.47. The stock has a 50 day moving average price of $26.06 and a two-hundred day moving average price of $23.50.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The business had revenue of $169.83 million for the quarter, compared to analyst estimates of $164.60 million. During the same quarter in the previous year, the company earned $0.64 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities analysts expect that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, December 2nd. Perdoceo Education’s dividend payout ratio is currently 26.13%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PRDO. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 8th. Barrington Research raised their target price on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased its position in Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after purchasing an additional 1,254 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after buying an additional 492 shares during the period. Quest Partners LLC purchased a new position in shares of Perdoceo Education in the 2nd quarter worth $39,000. Point72 DIFC Ltd purchased a new position in shares of Perdoceo Education in the 3rd quarter worth $114,000. Finally, Point72 Asset Management L.P. purchased a new stake in Perdoceo Education during the third quarter valued at about $133,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

About Perdoceo Education

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.