DGS Capital Management LLC Sells 3,452 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

DGS Capital Management LLC lessened its position in Perdoceo Education Co. (NASDAQ:PRDO) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,636 shares of the company’s stock after selling 3,452 shares during the quarter. DGS Capital Management LLC owned approximately 0.06% of Perdoceo Education worth $1,129,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in shares of 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 purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. increased its stake in 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 buying an additional 492 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Perdoceo Education during the 3rd quarter worth about $114,000. Point72 Asset Management L.P. acquired a new position in shares of Perdoceo Education during the 3rd quarter worth about $133,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Perdoceo Education by 3,465.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,275 shares of the company’s stock valued at $140,000 after acquiring an additional 6,099 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

Shares of PRDO stock opened at $28.31 on Friday. Perdoceo Education Co. has a 52-week low of $16.12 and a 52-week high of $29.47. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 0.79 and a beta of 1.06. The firm’s 50-day moving average is $26.96 and its 200-day moving average is $24.09.

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

Perdoceo Education Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, December 2nd. Perdoceo Education’s dividend payout ratio is presently 26.13%.

Insider Activity at Perdoceo Education

In other Perdoceo Education news, Director Patrick W. Gross sold 3,400 shares of Perdoceo Education stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $26.74, for a total value of $90,916.00. Following the completion of the sale, the director now owns 69,635 shares in the company, valued at $1,862,039.90. The trade was a 4.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Robert Kline sold 30,574 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 of the company’s stock, valued at $3,451,820.35. This represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,594 shares of company stock worth $1,541,396. Insiders own 1.81% of the company’s stock.

Analyst Ratings Changes

PRDO has been the subject of several recent research reports. Barrington Research increased their price target on Perdoceo Education from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th.

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.