GSA Capital Partners LLP lifted its holdings in Perdoceo Education Corporation (NASDAQ:PRDO – Free Report) by 392.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 61,197 shares of the company’s stock after buying an additional 48,765 shares during the quarter. GSA Capital Partners LLP’s holdings in Perdoceo Education were worth $1,795,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Salomon & Ludwin LLC increased its position in shares of Perdoceo Education by 72.6% in the fourth quarter. Salomon & Ludwin LLC now owns 811 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Perdoceo Education by 4.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,579 shares of the company’s stock valued at $398,000 after purchasing an additional 414 shares in the last quarter. Fifth Third Bancorp grew its holdings in Perdoceo Education by 108.2% during the 4th quarter. Fifth Third Bancorp now owns 970 shares of the company’s stock valued at $28,000 after purchasing an additional 504 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Perdoceo Education by 9.1% during the 2nd quarter. Lazard Asset Management LLC now owns 7,280 shares of the company’s stock valued at $237,000 after purchasing an additional 605 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in Perdoceo Education during the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 93.46% of the company’s stock.
Perdoceo Education Price Performance
Shares of PRDO stock opened at $33.89 on Wednesday. The firm has a market cap of $2.12 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.74 and a beta of 0.73. Perdoceo Education Corporation has a 1-year low of $26.66 and a 1-year high of $38.50. The firm has a fifty day moving average of $35.41 and a two-hundred day moving average of $32.41.
Perdoceo Education Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Perdoceo Education’s dividend payout ratio (DPR) is currently 22.99%.
Insider Activity at Perdoceo Education
In other Perdoceo Education news, SVP David C. Czeszewski sold 36,225 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $32.81, for a total transaction of $1,188,542.25. Following the completion of the transaction, the senior vice president directly owned 68,875 shares of the company’s stock, valued at $2,259,788.75. This trade represents a 34.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Todd S. Nelson sold 40,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $35.24, for a total transaction of $1,409,600.00. Following the transaction, the chief executive officer directly owned 392,368 shares of the company’s stock, valued at approximately $13,827,048.32. This represents a 9.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 235,438 shares of company stock worth $8,286,247 over the last 90 days. Company insiders own 1.46% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on PRDO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Perdoceo Education in a report on Tuesday, April 21st. Barrington Research set a $44.00 price target on shares of Perdoceo Education in a report on Friday, May 8th. Finally, Zacks Research lowered shares of Perdoceo Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Perdoceo Education has an average rating of “Moderate Buy” and a consensus price target of $44.00.
Get Our Latest Stock Analysis on Perdoceo Education
About Perdoceo Education
Perdoceo Education Corporation (NASDAQ: PRDO) is a for-profit postsecondary education provider offering certificate, associate, bachelor’s and master’s degree programs. The company operates primarily through two brand platforms—Colorado Technical University and American InterContinental University—delivering career-focused education both on campus and online. These programs span fields such as business, information technology, healthcare and criminal justice, targeting working adults seeking to advance or pivot their careers.
With headquarters in Schaumburg, Illinois, Perdoceo serves students across the United States and internationally through its online offerings.
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