Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) CEO Sells $327,888.88 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the transaction, the chief executive officer now directly owns 615,697 shares in the company, valued at $16,186,674.13. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Perdoceo Education Price Performance

Shares of PRDO opened at $26.38 on Thursday. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The stock has a market cap of $1.73 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The firm has a fifty day moving average price of $26.30 and a 200 day moving average price of $23.59.

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

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 1.97%. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Institutional Trading of Perdoceo Education

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

Wall Street Analysts Forecast Growth

PRDO has been the topic of a number of recent analyst reports. Barrington Research increased their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 8th.

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.