Elise Baskel Sells 17,818 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

by · The Cerbat Gem

Perdoceo Education Co. (NASDAQ:PRDO – Get Free Report) SVP Elise Baskel sold 17,818 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the sale, the senior vice president now owns 93,354 shares of the company’s stock, valued at $2,255,432.64. This trade represents a 16.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Perdoceo Education Stock Performance

NASDAQ:PRDO traded up $0.10 during trading on Friday, reaching $24.58. The company’s stock had a trading volume of 3,755,491 shares, compared to its average volume of 445,623. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. 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 firm has a 50 day moving average of $26.87 and a 200-day moving average of $25.09. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84.

Perdoceo Education (NASDAQ:PRDO – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The firm had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. Research analysts expect that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.12%. Perdoceo Education’s dividend payout ratio (DPR) is 23.64%.

Analysts Set New Price Targets

PRDO has been the subject of several recent research reports. Barrington Research upped their price target on Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. StockNews.com upgraded Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

Get Our Latest Stock Report on Perdoceo Education

Institutional Trading of Perdoceo Education

A number of institutional investors have recently added to or reduced their stakes in PRDO. Atria Investments Inc bought a new position in Perdoceo Education in the 3rd quarter worth about $234,000. Victory Capital Management Inc. increased its stake in Perdoceo Education by 71.3% in the 3rd quarter. Victory Capital Management Inc. now owns 73,819 shares of the company’s stock worth $1,642,000 after acquiring an additional 30,725 shares during the last quarter. Quest Partners LLC increased its stake in Perdoceo Education by 1,107.5% in the 3rd quarter. Quest Partners LLC now owns 22,012 shares of the company’s stock worth $490,000 after acquiring an additional 20,189 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Perdoceo Education by 59.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 10,606 shares of the company’s stock worth $236,000 after acquiring an additional 3,966 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Perdoceo Education by 23.8% in the 3rd quarter. Jennison Associates LLC now owns 53,170 shares of the company’s stock worth $1,183,000 after acquiring an additional 10,231 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Perdoceo Education Company Profile

(Get Free Report)

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.

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