Perdoceo Education Co. (NASDAQ:PRDO) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 7.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,447 shares of the company’s stock after selling 1,589 shares during the quarter. Amalgamated Bank’s holdings in Perdoceo Education were worth $410,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP lifted its stake in Perdoceo Education by 1,306.3% in the second quarter. Quarry LP now owns 1,350 shares of the company’s stock worth $29,000 after acquiring an additional 1,254 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Perdoceo Education by 38.7% in the 3rd quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Perdoceo Education during the 2nd quarter worth $39,000. Fifth Third Bancorp grew its stake in shares of Perdoceo Education by 650.6% during 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 in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Perdoceo Education during the second quarter worth $74,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Perdoceo Education Stock Up 1.0 %

Shares of NASDAQ PRDO opened at $26.55 on Friday. The business has a 50-day moving average price of $22.27 and a 200 day moving average price of $22.44. The stock has a market cap of $1.74 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $29.47.

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

Perdoceo Education Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, December 2nd. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PRDO. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Thursday. Barrington Research raised their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, insider Michele A. Peppers sold 6,476 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.00, for a total transaction of $135,996.00. Following the completion of the sale, the insider now owns 61,952 shares in the company, valued at $1,300,992. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.81% of the stock is owned by insiders.

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.