Quantbot Technologies LP Takes $172,000 Position in Perdoceo Education Co. (NASDAQ:PRDO)

Quantbot Technologies LP bought a new stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 6,511 shares of the company’s stock, valued at approximately $172,000.

Several other institutional investors and hedge funds have also bought and sold shares of PRDO. Smartleaf Asset Management LLC grew its stake in Perdoceo Education by 227.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after acquiring an additional 913 shares during the period. R Squared Ltd acquired a new stake in Perdoceo Education in the 4th quarter valued at $60,000. KBC Group NV increased its stake in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock valued at $98,000 after purchasing an additional 1,190 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in 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 during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Perdoceo Education during the third quarter worth $114,000. 93.46% of the stock is owned by institutional investors.

Insider Transactions at Perdoceo Education

In other Perdoceo Education news, SVP Elise Baskel sold 17,818 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $24.16, for a total value of $430,482.88. Following the transaction, the senior vice president now owns 93,354 shares of the company’s stock, valued at approximately $2,255,432.64. The trade was a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd S. Nelson sold 38,984 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $24.66, for a total value of $961,345.44. Following the sale, the chief executive officer now directly owns 644,047 shares of the company’s stock, valued at approximately $15,882,199.02. This represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,634 shares of company stock worth $2,494,318 in the last 90 days. Insiders own 1.81% of the company’s stock.

Analysts Set New Price Targets

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

Perdoceo Education Trading Down 1.0 %

Shares of Perdoceo Education stock opened at $25.43 on Monday. 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 fifty day simple moving average of $26.68 and a 200 day simple moving average of $25.30. Perdoceo Education Co. has a 12-month low of $16.56 and a 12-month high of $29.84. The company has a market capitalization of $1.68 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.04.

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, topping the consensus estimate of $0.48 by $0.02. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. The firm had revenue of $176.43 million during the quarter, compared to analyst estimates of $160.12 million. On average, sell-side analysts anticipate that Perdoceo Education Co. will post 2.41 earnings per share for the current fiscal year.

Perdoceo Education Announces Dividend

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

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.