Bfsg LLC Has $167,000 Stake in Perdoceo Education Co. (NASDAQ:PRDO)

Bfsg LLC lowered its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 16.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,510 shares of the company’s stock after selling 1,805 shares during the quarter. Bfsg LLC’s holdings in Perdoceo Education were worth $167,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Advisors LLC bought a new stake in Perdoceo Education in the fourth quarter worth $1,126,000. Illinois Municipal Retirement Fund bought a new position in shares of Perdoceo Education during the third quarter valued at approximately $674,000. LSV Asset Management increased its stake in shares of Perdoceo Education by 11.2% during the third quarter. LSV Asset Management now owns 557,559 shares of the company’s stock valued at $9,534,000 after purchasing an additional 56,300 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Perdoceo Education by 6.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 23,750 shares of the company’s stock valued at $406,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of Perdoceo Education during the third quarter valued at approximately $1,054,000. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Up 0.7 %

NASDAQ:PRDO traded up $0.12 during mid-day trading on Thursday, hitting $18.54. 148,426 shares of the stock traded hands, compared to its average volume of 501,092. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.56 and a beta of 0.96. Perdoceo Education Co. has a 52 week low of $11.50 and a 52 week high of $19.62. The firm’s 50 day moving average is $17.51 and its two-hundred day moving average is $17.62.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $147.30 million for the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. As a group, research analysts predict that Perdoceo Education Co. will post 2.12 EPS for the current year.

Perdoceo Education Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 2.37%. Perdoceo Education’s payout ratio is presently 20.18%.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $18.50, for a total value of $296,000.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at approximately $12,674,313. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Todd S. Nelson sold 16,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $18.50, for a total transaction of $296,000.00. Following the completion of the sale, the chief executive officer now owns 685,098 shares of the company’s stock, valued at $12,674,313. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Todd S. Nelson sold 9,500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $18.50, for a total transaction of $175,750.00. Following the sale, the chief executive officer now directly owns 685,098 shares of the company’s stock, valued at approximately $12,674,313. The disclosure for this sale can be found here. In the last quarter, insiders sold 105,500 shares of company stock valued at $1,893,350. Company insiders own 1.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PRDO shares. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 19th. Barrington Research reiterated an “outperform” rating and issued a $23.00 price target on shares of Perdoceo Education in a report on Monday, April 15th.

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.