Perdoceo Education Co. (NASDAQ:PRDO) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its position in Perdoceo Education Co. (NASDAQ:PRDO) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,959 shares of the company’s stock after acquiring an additional 7,333 shares during the quarter. Assetmark Inc. owned 0.16% of Perdoceo Education worth $2,778,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Royce & Associates LP grew its position in shares of Perdoceo Education by 1.0% during the third quarter. Royce & Associates LP now owns 85,631 shares of the company’s stock worth $1,904,000 after buying an additional 807 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 worth $34,000 after buying an additional 913 shares in the last quarter. KBC Group NV grew its position in shares of Perdoceo Education by 47.5% during the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after buying an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Perdoceo Education by 53.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock worth $103,000 after buying an additional 1,355 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Perdoceo Education by 13.1% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,995 shares of the company’s stock worth $344,000 after buying an additional 1,503 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Perdoceo Education

In other Perdoceo Education news, SVP John Robert Kline sold 12,148 shares of the firm’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 directly owns 130,405 shares in the company, valued at approximately $3,363,144.95. This trade represents a 8.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Todd S. Nelson sold 12,472 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $26.29, for a total value of $327,888.88. Following the completion of the sale, the chief executive officer now owns 615,697 shares in the company, valued at $16,186,674.13. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by company insiders.

Perdoceo Education Stock Performance

Perdoceo Education stock opened at $25.30 on Monday. The company has a market cap of $1.67 billion, a PE ratio of 11.50, a P/E/G ratio of 0.75 and a beta of 1.04. The company has a fifty day moving average price of $27.14 and a two-hundred day moving average price of $25.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 5.45. Perdoceo Education Co. has a 12 month low of $16.56 and a 12 month high of $29.84.

Perdoceo Education (NASDAQ:PRDO) last posted its earnings results on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $176.43 million for the quarter, compared to analysts’ expectations of $160.12 million. Perdoceo Education had a return on equity of 16.85% and a net margin of 21.66%. Research analysts expect that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, February 28th. Perdoceo Education’s payout ratio is 23.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 11th. Barrington Research lifted their price objective on shares of Perdoceo Education from $32.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

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.