Amalgamated Bank Decreases Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Amalgamated Bank lessened its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 7.9% during the third quarter, HoldingsChannel reports. The fund owned 18,447 shares of the company’s stock after selling 1,589 shares during the period. Amalgamated Bank’s holdings in Perdoceo Education were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PRDO. Boston Partners grew its stake in shares of Perdoceo Education by 979.2% during the 1st quarter. Boston Partners now owns 750,979 shares of the company’s stock worth $13,376,000 after purchasing an additional 681,391 shares during the period. Pacer Advisors Inc. grew its position in Perdoceo Education by 24.3% during the second quarter. Pacer Advisors Inc. now owns 2,650,123 shares of the company’s stock worth $56,766,000 after buying an additional 518,048 shares during the period. Millennium Management LLC increased its holdings in Perdoceo Education by 944.8% in the second quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock valued at $5,283,000 after buying an additional 223,050 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $3,634,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Perdoceo Education during the 2nd quarter valued at approximately $2,519,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Analysts Set New Price Targets

PRDO has been the subject of several research analyst reports. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Barrington Research upped their target price on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday.

Perdoceo Education Trading Up 1.0 %

NASDAQ:PRDO opened at $26.55 on Friday. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The company has a market capitalization of $1.74 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. The firm has a 50-day moving average price of $22.27 and a two-hundred day moving average price of $22.44.

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

Perdoceo Education Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.96%. Perdoceo Education’s dividend payout ratio is currently 26.13%.

Insider Activity at Perdoceo Education

In related news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.81% of the company’s stock.

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.