Insider Selling: Perdoceo Education Co. (NASDAQ:PRDO) SVP Sells $313,296.92 in Stock

Perdoceo Education Co. (NASDAQ:PRDO) SVP John Robert Kline sold 12,148 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.79, for a total value of $313,296.92. Following the sale, the senior vice president now owns 130,405 shares of the company’s stock, valued at approximately $3,363,144.95. The trade was a 8.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 15th, John Robert Kline sold 30,574 shares of Perdoceo Education stock. The stock was sold at an average price of $26.47, for a total value of $809,293.78.

Perdoceo Education Stock Down 1.9 %

Shares of Perdoceo Education stock opened at $25.87 on Friday. Perdoceo Education Co. has a 12 month low of $16.12 and a 12 month high of $29.47. The stock has a market cap of $1.70 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.06. The business has a fifty day simple moving average of $26.46 and a 200 day simple moving average of $23.65.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, November 12th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. Perdoceo Education had a return on equity of 15.58% and a net margin of 20.42%. The firm had revenue of $169.83 million during the quarter, compared to analysts’ expectations of $164.60 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. Analysts expect that Perdoceo Education Co. will post 2.27 EPS for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a $0.13 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 2.01%. Perdoceo Education’s payout ratio is 26.13%.

Analyst Upgrades and Downgrades

PRDO has been the subject of a number of analyst reports. Barrington Research lifted their price objective on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its stake in Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company’s stock valued at $29,000 after acquiring an additional 1,254 shares during the period. Blue Trust Inc. boosted its position in shares of Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock worth $38,000 after buying an additional 492 shares during the period. Quest Partners LLC acquired a new position in shares of Perdoceo Education during the second quarter worth about $39,000. Point72 DIFC Ltd acquired a new position in shares of Perdoceo Education during the third quarter worth about $114,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Perdoceo Education during the third quarter worth about $133,000. 93.46% of the stock is owned by institutional investors and hedge funds.

About Perdoceo Education

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.