Seizert Capital Partners LLC raised its stake in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) by 78.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,726 shares of the company’s stock after purchasing an additional 37,247 shares during the quarter. Seizert Capital Partners LLC owned 0.13% of Perdoceo Education worth $3,191,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of PRDO. First Horizon Corp purchased a new stake in Perdoceo Education in the 3rd quarter valued at $29,000. Blue Trust Inc. raised its holdings in shares of Perdoceo Education by 81.5% in the third quarter. Blue Trust Inc. now owns 833 shares of the company’s stock valued at $31,000 after purchasing an additional 374 shares during the last quarter. Richardson Financial Services Inc. grew its position in Perdoceo Education by 166.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 836 shares of the company’s stock worth $31,000 after purchasing an additional 522 shares in the last quarter. Global Retirement Partners LLC increased its stake in Perdoceo Education by 49.9% in the 3rd quarter. Global Retirement Partners LLC now owns 1,154 shares of the company’s stock valued at $43,000 after buying an additional 384 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Perdoceo Education by 59.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,776 shares of the company’s stock worth $67,000 after buying an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.
Perdoceo Education Stock Performance
Shares of PRDO stock opened at $31.54 on Tuesday. The firm’s 50 day moving average is $29.71 and its 200 day moving average is $31.73. The stock has a market capitalization of $2.03 billion, a P/E ratio of 13.50, a PEG ratio of 0.76 and a beta of 0.92. Perdoceo Education Corporation has a 12 month low of $23.87 and a 12 month high of $38.02. The company has a current ratio of 4.47, a quick ratio of 4.45 and a debt-to-equity ratio of 0.01.
Perdoceo Education Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.60 annualized dividend and a yield of 1.9%. Perdoceo Education’s payout ratio is currently 25.64%.
Analyst Upgrades and Downgrades
PRDO has been the subject of a number of research analyst reports. Wall Street Zen downgraded Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 12th. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research note on Wednesday, October 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $42.00 target price on shares of Perdoceo Education in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $42.00.
Read Our Latest Stock Report on PRDO
Perdoceo Education Profile
Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.
With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.
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