Ashish R. Ghia Sells 11,914 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDO) CFO Ashish R. Ghia sold 11,914 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $25.50, for a total value of $303,807.00. Following the completion of the sale, the chief financial officer now directly owns 240,216 shares of the company’s stock, valued at approximately $6,125,508. This represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Perdoceo Education Stock Down 1.0 %

NASDAQ:PRDO opened at $25.43 on Friday. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $26.68 and a 200-day moving average of $25.27. The firm has a market capitalization of $1.68 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04. Perdoceo Education Co. has a 52 week low of $16.56 and a 52 week high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to the consensus estimate of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Analysts predict that Perdoceo Education Co. will post 2.41 EPS for the current year.

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Saturday, March 1st were given a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 2.04%. Perdoceo Education’s dividend payout ratio is presently 23.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PRDO. Smartleaf Asset Management LLC raised its holdings in shares of Perdoceo Education by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the last quarter. Quarry LP increased its position in Perdoceo Education by 223.6% in the 4th quarter. Quarry LP now owns 1,793 shares of the company’s stock valued at $47,000 after acquiring an additional 1,239 shares during the period. R Squared Ltd bought a new stake in Perdoceo Education during the 4th quarter valued at $60,000. KBC Group NV boosted its position in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after acquiring an additional 1,190 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Perdoceo Education by 53.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after purchasing an additional 1,355 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

PRDO has been the topic of several research reports. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research raised their price target on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th.

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.