Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) Director Sells $189,170.64 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) Director William Dean Hansen sold 5,994 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $31.56, for a total transaction of $189,170.64. Following the transaction, the director now owns 44,171 shares of the company’s stock, valued at approximately $1,394,036.76. This trade represents a 11.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Perdoceo Education Trading Down 0.1%

Shares of NASDAQ PRDO opened at $31.85 on Friday. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. Perdoceo Education Co. has a 12 month low of $20.23 and a 12 month high of $34.60. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.75 and a beta of 0.85. The business has a fifty day simple moving average of $29.33 and a 200-day simple moving average of $27.58.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $207.97 million. During the same quarter in the previous year, the company earned $0.60 EPS. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. Sell-side analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

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

Hedge Funds Weigh In On Perdoceo Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in Perdoceo Education during the 1st quarter valued at $733,000. Acadian Asset Management LLC acquired a new position in Perdoceo Education during the first quarter valued at $11,022,000. Intech Investment Management LLC lifted its stake in Perdoceo Education by 475.2% in the 1st quarter. Intech Investment Management LLC now owns 198,122 shares of the company’s stock worth $4,989,000 after acquiring an additional 163,677 shares in the last quarter. Jane Street Group LLC boosted its position in Perdoceo Education by 117.5% during the 1st quarter. Jane Street Group LLC now owns 267,312 shares of the company’s stock worth $6,731,000 after acquiring an additional 144,395 shares during the period. Finally, Caxton Associates LLP purchased a new position in Perdoceo Education during the 1st quarter valued at about $656,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barrington Research boosted their target price on shares of Perdoceo Education from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, June 6th. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

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.