Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,518 shares of the company’s stock after selling 434 shares during the period. Yousif Capital Management LLC’s holdings in Perdoceo Education were worth $623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings 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 in the last quarter. R Squared Ltd bought a new stake in Perdoceo Education during the fourth quarter worth approximately $60,000. KBC Group NV raised its holdings in 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 purchasing an additional 1,190 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Perdoceo Education during the third quarter worth approximately $114,000. Finally, Point72 Asset Management L.P. bought a new stake in Perdoceo Education during the third quarter worth approximately $133,000. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, CEO Todd S. Nelson sold 12,472 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 615,697 shares of the company’s stock, valued at $16,186,674.13. This represents a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Robert Kline sold 12,148 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.79, for a total transaction of $313,296.92. Following the completion of the transaction, the senior vice president now directly owns 130,405 shares of the company’s stock, valued at $3,363,144.95. This trade represents a 8.52 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is owned by company insiders.

Perdoceo Education Stock Up 0.6 %

Perdoceo Education stock opened at $28.46 on Monday. The company’s fifty day simple moving average is $27.35 and its 200-day simple moving average is $24.64. 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 $1.87 billion, a P/E ratio of 14.30, a P/E/G ratio of 0.80 and a beta of 1.07.

Perdoceo Education Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s dividend payout ratio (DPR) is 26.13%.

Analyst Ratings Changes

Several research analysts have issued reports on PRDO shares. Barrington Research reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Perdoceo Education in a report on Friday, February 7th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

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.