Sanctuary Advisors LLC Lowers Position in Perdoceo Education Co. (NASDAQ:PRDO)

Sanctuary Advisors LLC trimmed its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 56.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,116 shares of the company’s stock after selling 48,591 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.06% of Perdoceo Education worth $825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings 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 valued at $40,000 after purchasing an additional 1,633 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Perdoceo Education by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the company’s stock valued at $707,000 after buying an additional 500 shares during the last quarter. Innealta Capital LLC bought a new stake in Perdoceo Education in the second quarter worth $74,000. Picton Mahoney Asset Management purchased a new stake in shares of Perdoceo Education in the second quarter worth $155,000. Finally, nVerses Capital LLC bought a new position in shares of Perdoceo Education during the second quarter valued at $92,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Perdoceo Education news, SVP John Robert Kline sold 30,574 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $26.47, for a total transaction of $809,293.78. Following the completion of the sale, the senior vice president now directly owns 130,405 shares in the company, valued at $3,451,820.35. The trade was a 18.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Patrick W. Gross sold 3,400 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $26.74, for a total transaction of $90,916.00. Following the completion of the transaction, the director now owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The disclosure for this sale can be found here. 1.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PRDO has been the topic of a number of analyst reports. Barrington Research upped their price target on shares of Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 8th.

Perdoceo Education Price Performance

PRDO stock opened at $26.12 on Tuesday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.81 and a beta of 1.07. Perdoceo Education Co. has a 1-year low of $16.12 and a 1-year high of $29.47. The business has a fifty day moving average price of $25.03 and a 200-day moving average price of $23.14.

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

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Monday, December 2nd. Perdoceo Education’s dividend payout ratio (DPR) is presently 26.13%.

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.