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

DGS Capital Management LLC cut its holdings in Perdoceo Education Co. (NASDAQ:PRDO) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,636 shares of the company’s stock after selling 3,452 shares during the quarter. DGS Capital Management LLC’s holdings in Perdoceo Education were worth $1,129,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in Perdoceo Education during the 3rd quarter worth $9,374,000. Millennium Management LLC boosted its stake in shares of Perdoceo Education by 944.8% during the second quarter. Millennium Management LLC now owns 246,659 shares of the company’s stock valued at $5,283,000 after purchasing an additional 223,050 shares in the last quarter. Barclays PLC grew its holdings in shares of Perdoceo Education by 353.5% during the third quarter. Barclays PLC now owns 110,622 shares of the company’s stock worth $2,460,000 after purchasing an additional 86,227 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Perdoceo Education in the 2nd quarter valued at approximately $1,836,000. Finally, Squarepoint Ops LLC raised its holdings in Perdoceo Education by 296.7% in the 2nd quarter. Squarepoint Ops LLC now owns 96,261 shares of the company’s stock valued at $2,062,000 after buying an additional 71,995 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Perdoceo Education Stock Performance

NASDAQ:PRDO opened at $28.31 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 14.23, a P/E/G ratio of 0.79 and a beta of 1.06. Perdoceo Education Co. has a fifty-two week low of $16.12 and a fifty-two week high of $29.47. The company has a 50 day simple moving average of $26.96 and a two-hundred day simple moving average of $24.09.

Perdoceo Education (NASDAQ:PRDO) last announced 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 the consensus estimate of $164.60 million. Perdoceo Education had a net margin of 20.42% and a return on equity of 15.58%. Perdoceo Education’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.64 earnings per share. Research analysts predict that Perdoceo Education Co. will post 2.27 EPS for the current year.

Perdoceo Education Announces Dividend

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

Insiders Place Their Bets

In other news, Director Patrick W. Gross sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was 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 directly owns 69,635 shares in the company, valued at $1,862,039.90. This trade represents a 4.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP John Robert Kline sold 30,574 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $26.47, for a total value of $809,293.78. Following the completion of the transaction, the senior vice president now owns 130,405 shares in the company, valued at approximately $3,451,820.35. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,594 shares of company stock worth $1,541,396. 1.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PRDO. StockNews.com cut shares of Perdoceo Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. Barrington Research raised their target price on Perdoceo Education from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

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.