Private Management Group Inc. Has $12.50 Million Position in Perdoceo Education Corporation $PRDO

Private Management Group Inc. cut its holdings in Perdoceo Education Corporation (NASDAQ:PRDO) by 22.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 382,219 shares of the company’s stock after selling 112,035 shares during the period. Private Management Group Inc.’s holdings in Perdoceo Education were worth $12,495,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. IFP Advisors Inc bought a new stake in Perdoceo Education during the 1st quarter valued at approximately $25,000. Planned Solutions Inc. bought a new position in Perdoceo Education in the 2nd quarter worth approximately $201,000. EMC Capital Management acquired a new position in shares of Perdoceo Education during the second quarter worth approximately $208,000. Contravisory Investment Management Inc. bought a new stake in shares of Perdoceo Education in the second quarter valued at approximately $227,000. Finally, Baron Wealth Management LLC bought a new stake in shares of Perdoceo Education in the second quarter valued at approximately $228,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 12th. Finally, Barrington Research restated an “outperform” rating and set a $42.00 price objective on shares of Perdoceo Education in a report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Perdoceo Education currently has a consensus rating of “Buy” and an average price target of $42.00.

Insider Buying and Selling at Perdoceo Education

In other news, SVP Elise Baskel sold 21,212 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $35.00, for a total value of $742,420.00. Following the sale, the senior vice president directly owned 72,142 shares in the company, valued at approximately $2,524,970. This represents a 22.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Gregory L. Jackson sold 4,568 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $32.50, for a total value of $148,460.00. Following the completion of the transaction, the chairman directly owned 60,962 shares of the company’s stock, valued at approximately $1,981,265. The trade was a 6.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 122,341 shares of company stock valued at $4,243,839. 2.11% of the stock is currently owned by corporate insiders.

Perdoceo Education Stock Down 1.3%

PRDO opened at $28.79 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 12.46, a P/E/G ratio of 0.92 and a beta of 0.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.27 and a quick ratio of 4.26. The firm’s fifty day moving average price is $34.11 and its two-hundred day moving average price is $32.42. Perdoceo Education Corporation has a fifty-two week low of $23.87 and a fifty-two week high of $38.02.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Perdoceo Education had a net margin of 20.09% and a return on equity of 17.13%. The company had revenue of $211.87 million during the quarter, compared to analysts’ expectations of $207.02 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Perdoceo Education has set its Q4 2025 guidance at 0.530-0.550 EPS. FY 2025 guidance at 2.540-2.560 EPS. On average, analysts anticipate that Perdoceo Education Corporation will post 2.41 EPS for the current year.

Perdoceo Education Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Perdoceo Education’s dividend payout ratio (DPR) is currently 25.64%.

Perdoceo Education Company Profile

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.