Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Perdoceo Education Co. (NASDAQ:PRDO)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,734 shares of the company’s stock after buying an additional 1,922 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Perdoceo Education worth $908,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Planned Solutions Inc. purchased a new position in Perdoceo Education in the fourth quarter valued at $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in Perdoceo Education in the fourth quarter valued at $26,000. Bfsg LLC purchased a new position in Perdoceo Education in the third quarter valued at $193,000. Commons Capital LLC purchased a new position in Perdoceo Education in the fourth quarter valued at $193,000. Finally, Fox Run Management L.L.C. purchased a new position in Perdoceo Education in the third quarter valued at $208,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Perdoceo Education Price Performance

Shares of NASDAQ PRDO opened at $17.84 on Wednesday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.54 and a beta of 0.96. The business has a 50-day moving average of $17.49 and a two-hundred day moving average of $17.62. Perdoceo Education Co. has a 1 year low of $11.50 and a 1 year high of $19.62.

Perdoceo Education (NASDAQ:PRDO) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 17.63% and a net margin of 20.80%. Perdoceo Education’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities research analysts expect that Perdoceo Education Co. will post 2.12 earnings per share for the current year.

Perdoceo Education Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 2.47%. The ex-dividend date was Thursday, February 29th. Perdoceo Education’s dividend payout ratio (DPR) is currently 20.18%.

Insider Transactions at Perdoceo Education

In other news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total transaction of $283,200.00. Following the sale, the chief executive officer now owns 617,367 shares in the company, valued at $10,927,395.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Todd S. Nelson sold 16,000 shares of Perdoceo Education stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $17.70, for a total transaction of $283,200.00. Following the sale, the chief executive officer now owns 617,367 shares in the company, valued at $10,927,395.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Todd S. Nelson sold 9,500 shares of Perdoceo Education stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $18.50, for a total value of $175,750.00. Following the sale, the chief executive officer now owns 685,098 shares in the company, valued at approximately $12,674,313. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,500 shares of company stock worth $1,893,350. Corporate insiders own 1.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $23.00 target price on shares of Perdoceo Education in a report on Monday, April 15th. StockNews.com raised Perdoceo Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 19th.

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.