Exchange Traded Concepts LLC reduced its stake in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) by 33.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,892 shares of the company’s stock after selling 53,872 shares during the period. Exchange Traded Concepts LLC owned approximately 0.16% of Perdoceo Education worth $3,106,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new stake in shares of Perdoceo Education during the third quarter valued at about $35,497,000. Goldman Sachs Group Inc. lifted its holdings in shares of Perdoceo Education by 49.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,547,405 shares of the company’s stock worth $38,964,000 after acquiring an additional 513,599 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Perdoceo Education by 106.2% in the 3rd quarter. Two Sigma Investments LP now owns 459,070 shares of the company’s stock worth $17,289,000 after acquiring an additional 236,397 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Perdoceo Education by 35.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 800,227 shares of the company’s stock worth $30,137,000 after purchasing an additional 211,528 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Perdoceo Education by 1,002.1% during the 4th quarter. SG Americas Securities LLC now owns 218,829 shares of the company’s stock worth $6,418,000 after purchasing an additional 198,974 shares during the period. Institutional investors and hedge funds own 93.46% of the company’s stock.
Perdoceo Education Stock Up 0.1%
Shares of NASDAQ:PRDO opened at $37.21 on Wednesday. The firm has a market capitalization of $2.32 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89. Perdoceo Education Corporation has a 1 year low of $24.05 and a 1 year high of $38.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.06 and a quick ratio of 5.03. The firm’s 50-day moving average is $33.42 and its two-hundred day moving average is $32.54.
Perdoceo Education Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, March 2nd were paid a $0.15 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. Perdoceo Education’s payout ratio is 24.90%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PRDO. Barrington Research reissued an “outperform” rating and issued a $42.00 target price on shares of Perdoceo Education in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Perdoceo Education in a research report on Thursday, January 22nd. Finally, Zacks Research raised Perdoceo Education from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $42.00.
Read Our Latest Report on Perdoceo Education
Insiders Place Their Bets
In other news, CFO Ashish R. Ghia sold 33,271 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $35.08, for a total transaction of $1,167,146.68. Following the sale, the chief financial officer owned 155,691 shares of the company’s stock, valued at approximately $5,461,640.28. This represents a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David C. Czeszewski sold 36,225 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $32.81, for a total value of $1,188,542.25. Following the completion of the sale, the senior vice president owned 68,875 shares in the company, valued at approximately $2,259,788.75. The trade was a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 176,318 shares of company stock worth $6,127,875 over the last 90 days. Corporate insiders own 2.11% of the company’s stock.
Perdoceo Education Profile
Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.
With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.
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