Private Management Group Inc. Decreases Stock Position in Perdoceo Education Co. (NASDAQ:PRDO)

Private Management Group Inc. reduced its position in Perdoceo Education Co. (NASDAQ:PRDO) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 989,900 shares of the company’s stock after selling 281,760 shares during the quarter. Private Management Group Inc.’s holdings in Perdoceo Education were worth $17,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Planned Solutions Inc. purchased a new position in shares of Perdoceo Education in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Perdoceo Education in the fourth quarter valued at $26,000. Bfsg LLC purchased a new position in shares of Perdoceo Education in the third quarter valued at $193,000. Commons Capital LLC purchased a new position in shares of Perdoceo Education in the fourth quarter valued at $193,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Perdoceo Education in the third quarter valued at $208,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Perdoceo Education news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Todd S. Nelson sold 9,500 shares of Perdoceo Education stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the sale, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at approximately $12,674,313. The disclosure for this sale can be found here. Insiders sold a total of 121,500 shares of company stock valued at $2,189,350 over the last 90 days. Insiders own 1.81% of the company’s stock.

Perdoceo Education Stock Up 1.9 %

NASDAQ:PRDO traded up $0.34 during trading hours on Tuesday, hitting $17.84. 800,429 shares of the company’s stock traded hands, compared to its average volume of 503,930. The firm has a market cap of $1.17 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.54 and a beta of 0.96. Perdoceo Education Co. has a 52 week low of $11.50 and a 52 week high of $19.62. The business’s fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $17.62.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Perdoceo Education had a return on equity of 17.63% and a net margin of 20.80%. The company had revenue of $147.30 million during the quarter, compared to analyst estimates of $146.20 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts expect that Perdoceo Education Co. will post 2.12 EPS for the current year.

Perdoceo Education Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.47%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is currently 20.18%.

Analysts Set New Price Targets

PRDO has been the subject of several research analyst reports. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 19th. Barrington Research reissued an “outperform” rating and set a $23.00 price objective on shares of Perdoceo Education in a research note on Monday, April 15th.

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.