John Robert Kline Sells 30,574 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 30,574 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $26.47, for a total value of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,451,820.35. This represents a 18.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Perdoceo Education Trading Up 0.1 %

PRDO opened at $26.43 on Thursday. Perdoceo Education Co. has a 12-month low of $16.12 and a 12-month high of $29.47. The business’s fifty day simple moving average is $22.59 and its 200-day simple moving average is $22.53. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.78 and a beta of 1.04.

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

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

Institutional Investors Weigh In On Perdoceo Education

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP raised its stake in shares of Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after purchasing an additional 1,254 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Perdoceo Education by 38.7% in the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after purchasing an additional 492 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Perdoceo Education in the second quarter worth about $39,000. Fifth Third Bancorp raised its stake in shares of 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 purchasing an additional 1,633 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Perdoceo Education in the second quarter worth about $74,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PRDO shares. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Barrington Research upped their price objective on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

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.