Clifford Capital Partners LLC Trims Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Clifford Capital Partners LLC reduced its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 635,402 shares of the company’s stock after selling 20,734 shares during the period. Perdoceo Education accounts for about 2.8% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Clifford Capital Partners LLC owned about 0.97% of Perdoceo Education worth $14,131,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Quarry LP lifted its holdings in shares of Perdoceo Education by 1,306.3% during the second quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after purchasing an additional 1,254 shares during the last quarter. Blue Trust Inc. increased its position in Perdoceo Education by 38.7% during the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after buying an additional 492 shares in the last quarter. Quest Partners LLC purchased a new position in Perdoceo Education during the second quarter valued at $39,000. Fifth Third Bancorp boosted its holdings in Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Perdoceo Education in the second quarter worth $74,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

NASDAQ PRDO opened at $27.38 on Wednesday. Perdoceo Education Co. has a one year low of $16.12 and a one year high of $29.47. The stock has a 50-day moving average of $23.01 and a 200 day moving average of $22.62. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 0.81 and a beta of 1.04.

Perdoceo Education (NASDAQ:PRDO) last issued its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $169.83 million for the quarter, compared to analysts’ expectations of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.64 earnings per share. On average, equities analysts predict that Perdoceo Education Co. will post 2.27 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is 26.13%.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of Perdoceo Education stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total transaction of $135,996.00. Following the transaction, the insider now owns 61,952 shares in the company, valued at $1,300,992. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the sale, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at approximately $3,451,820.35. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,450 shares of company stock valued at $1,036,206. Insiders own 1.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PRDO. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 22nd. Barrington Research increased their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th.

Perdoceo Education 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.