Todd S. Nelson Sells 16,000 Shares of Perdoceo Education Co. (NASDAQ:PRDO) Stock

Perdoceo Education Co. (NASDAQ:PRDOGet Free Report) CEO Todd S. Nelson sold 16,000 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $17.65, for a total transaction of $282,400.00. Following the completion of the transaction, the chief executive officer now owns 681,367 shares in the company, valued at approximately $12,026,127.55. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Perdoceo Education Stock Performance

PRDO opened at $17.92 on Friday. The company has a 50-day moving average of $17.72 and a 200-day moving average of $17.52. The company has a market capitalization of $1.18 billion, a P/E ratio of 8.22, a PEG ratio of 0.56 and a beta of 0.97. Perdoceo Education Co. has a 1-year low of $11.50 and a 1-year high of $19.62.

Perdoceo Education (NASDAQ:PRDOGet Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $147.30 million during the quarter, compared to the consensus estimate of $146.20 million. Perdoceo Education had a net margin of 20.80% and a return on equity of 17.63%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. As a group, sell-side analysts expect that Perdoceo Education Co. will post 2.12 earnings per share for the current fiscal year.

Perdoceo Education Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio is presently 20.18%.

Institutional Investors Weigh In On Perdoceo Education

Institutional investors have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Perdoceo Education during the 4th quarter valued at about $26,000. Planned Solutions Inc. bought a new stake in shares of Perdoceo Education during the 4th quarter valued at about $26,000. Clear Street Markets LLC bought a new stake in shares of Perdoceo Education during the 4th quarter valued at about $38,000. NewEdge Advisors LLC bought a new stake in shares of Perdoceo Education during the 1st quarter valued at about $41,000. Finally, Captrust Financial Advisors grew its position in shares of Perdoceo Education by 63.7% during the 1st quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after buying an additional 1,653 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

PRDO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 19th. Barrington Research reiterated an “outperform” rating and issued a $23.00 price objective on shares of Perdoceo Education in a report on Friday, February 9th.

View Our Latest Research Report on PRDO

About Perdoceo Education

(Get Free Report)

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.

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