William Dean Hansen Sells 5,994 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) Director William Dean Hansen sold 5,994 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.56, for a total value of $189,170.64. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Perdoceo Education Price Performance

PRDO stock opened at $31.88 on Friday. The company’s 50-day moving average price is $29.20 and its two-hundred day moving average price is $27.55. The firm has a market cap of $2.09 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.75 and a beta of 0.85. 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.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings results 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. The business had revenue of $213.00 million for the quarter, compared to analyst estimates of $207.97 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. On average, analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Sunday, June 1st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.63%. Perdoceo Education’s payout ratio is 23.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on PRDO shares. Barrington Research lifted their price objective on Perdoceo Education from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, June 6th. Wall Street Zen cut Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Hedge Funds Weigh In On Perdoceo Education

A number of institutional investors have recently modified their holdings of the business. Atria Investments Inc grew its position in Perdoceo Education by 3.6% in the fourth quarter. Atria Investments Inc now owns 10,886 shares of the company’s stock valued at $288,000 after acquiring an additional 375 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Perdoceo Education by 4.7% in the 1st quarter. AlphaQuest LLC now owns 8,976 shares of the company’s stock valued at $226,000 after purchasing an additional 399 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Perdoceo Education by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,624 shares of the company’s stock valued at $922,000 after purchasing an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Perdoceo Education by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company’s stock valued at $1,457,000 after purchasing an additional 683 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Perdoceo Education by 227.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock worth $34,000 after purchasing an additional 913 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

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.