John Robert Kline Sells 10,000 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO – Get Rating) SVP John Robert Kline sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $14.76, for a total value of $147,600.00. Following the sale, the senior vice president now directly owns 151,998 shares of the company’s stock, valued at approximately $2,243,490.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

John Robert Kline also recently made the following trade(s):

• On Friday, October 28th, John Robert Kline sold 36,774 shares of Perdoceo Education stock. The stock was sold at an average price of $11.49, for a total value of $422,533.26.
• On Wednesday, October 26th, John Robert Kline sold 2,625 shares of Perdoceo Education stock. The stock was sold at an average price of $11.49, for a total value of $30,161.25.

Perdoceo Education Stock Performance

Shares of NASDAQ:PRDO opened at $14.11 on Friday. The business’s 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $12.57. The firm has a market cap of $947.77 million, a P/E ratio of 9.41, a PEG ratio of 0.71 and a beta of 1.16. Perdoceo Education Co. has a 52-week low of $9.65 and a 52-week high of $15.10.

Perdoceo Education (NASDAQ:PRDO – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.10. The business had revenue of $168.42 million for the quarter, compared to analyst estimates of $159.21 million. Perdoceo Education had a return on equity of 17.44% and a net margin of 15.37%. On average, equities analysts forecast that Perdoceo Education Co. will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PRDO. Ronald Blue Trust Inc. lifted its holdings in shares of Perdoceo Education by 169.2% in the third quarter. Ronald Blue Trust Inc. now owns 2,991 shares of the company’s stock valued at $35,000 after purchasing an additional 1,880 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Perdoceo Education by 63.7% in the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after purchasing an additional 1,653 shares in the last quarter. KBC Group NV bought a new position in shares of Perdoceo Education in the second quarter valued at approximately $72,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Perdoceo Education in the second quarter valued at approximately $81,000. Finally, Gladius Capital Management LP bought a new position in shares of Perdoceo Education in the second quarter valued at approximately $85,000. Institutional investors own 91.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PRDO shares. StockNews.com started coverage on Perdoceo Education in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company. TheStreet upgraded Perdoceo Education from a “c+” rating to a “b-” rating in a report on Tuesday, November 22nd.

About Perdoceo Education

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Perdoceo Education Corp. engages in the provision of educational services. It operates through the following segments: Colorado Technical University (CTU) and American InterContinental University (AIU). The CTU segment offers academic programs in the disciplines of business studies, nursing, computer science, engineering, information systems and technology, cybersecurity and healthcare management.