Numerai GP LLC Purchases Shares of 22,819 Perdoceo Education Co. (NASDAQ:PRDO)

Numerai GP LLC purchased a new stake in Perdoceo Education Co. (NASDAQ:PRDO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,819 shares of the company’s stock, valued at approximately $604,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Perdoceo Education by 46.1% in the fourth quarter. Millennium Management LLC now owns 871,572 shares of the company’s stock valued at $23,071,000 after buying an additional 275,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Perdoceo Education by 1.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,043 shares of the company’s stock worth $1,457,000 after purchasing an additional 683 shares during the period. Lazard Asset Management LLC raised its position in shares of Perdoceo Education by 37.3% during the fourth quarter. Lazard Asset Management LLC now owns 59,870 shares of the company’s stock worth $1,584,000 after purchasing an additional 16,259 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of Perdoceo Education by 5.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,739,401 shares of the company’s stock worth $46,042,000 after purchasing an additional 85,100 shares during the period. Finally, Clark Capital Management Group Inc. raised its position in shares of Perdoceo Education by 41.5% during the fourth quarter. Clark Capital Management Group Inc. now owns 286,192 shares of the company’s stock worth $7,575,000 after purchasing an additional 83,997 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PRDO. Barrington Research upped their target price on Perdoceo Education from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. StockNews.com lowered Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 5th.

Perdoceo Education Price Performance

Shares of NASDAQ:PRDO opened at $30.91 on Thursday. The stock’s 50 day moving average is $26.23 and its 200-day moving average is $26.48. Perdoceo Education Co. has a twelve month low of $20.23 and a twelve month high of $32.03. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.75 and a beta of 0.79. The company has a quick ratio of 5.45, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. The business had revenue of $213.00 million during the quarter, compared to the consensus estimate of $207.97 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. Perdoceo Education’s revenue was up 26.6% compared to the same quarter last year. Sell-side analysts forecast that Perdoceo Education Co. will post 2.41 EPS for the current fiscal year.

Perdoceo Education Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Sunday, June 1st will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 1.68%. Perdoceo Education’s dividend payout ratio (DPR) is currently 23.01%.

Insider Buying and Selling

In related news, SVP Elise Baskel sold 17,818 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total transaction of $430,482.88. Following the completion of the sale, the senior vice president now owns 93,354 shares in the company, valued at approximately $2,255,432.64. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ashish R. Ghia sold 6,236 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $25.00, for a total value of $155,900.00. Following the sale, the chief financial officer now owns 252,130 shares of the company’s stock, valued at $6,303,250. This trade represents a 2.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,820 shares of company stock worth $3,296,615. 2.11% of the stock is owned by corporate insiders.

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.