Atria Investments Inc Takes $234,000 Position in Perdoceo Education Co. (NASDAQ:PRDO)

Atria Investments Inc purchased a new position in Perdoceo Education Co. (NASDAQ:PRDO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,511 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in Perdoceo Education by 1,306.3% during the 2nd quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after buying an additional 1,254 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 purchasing an additional 492 shares during the last quarter. Quest Partners LLC acquired a new position in Perdoceo Education in the second quarter worth $39,000. Fifth Third Bancorp boosted its holdings in Perdoceo Education by 650.6% in the second quarter. Fifth Third Bancorp now owns 1,884 shares of the company’s stock worth $40,000 after purchasing an additional 1,633 shares during the period. Finally, Innealta Capital LLC bought a new stake in Perdoceo Education during the second quarter valued at $74,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Trading Up 1.9 %

NASDAQ:PRDO opened at $27.33 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 0.79 and a beta of 1.04. The business’s fifty day moving average price is $22.79 and its 200 day moving average price is $22.57. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47.

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

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Insiders Place Their Bets

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $26.74, for a total value of $90,916.00. Following the transaction, the director now owns 69,635 shares of the company’s stock, valued at approximately $1,862,039.90. This represents a 4.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michele A. Peppers sold 6,476 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.00, for a total value of $135,996.00. Following the completion of the transaction, the insider now directly owns 61,952 shares of the company’s stock, valued at approximately $1,300,992. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,450 shares of company stock valued at $1,036,206. 1.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PRDO has been the topic of a number of recent research reports. Barrington Research raised their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.