Nebula Research & Development LLC Buys 13,256 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Nebula Research & Development LLC increased its stake in Perdoceo Education Co. (NASDAQ:PRDO) by 31.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,151 shares of the company’s stock after purchasing an additional 13,256 shares during the period. Nebula Research & Development LLC owned 0.08% of Perdoceo Education worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PRDO. Smartleaf Asset Management LLC increased its stake in shares of Perdoceo Education by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,315 shares of the company’s stock valued at $34,000 after buying an additional 913 shares during the period. R Squared Ltd acquired a new stake in Perdoceo Education in the fourth quarter worth about $60,000. KBC Group NV raised its holdings in Perdoceo Education by 47.5% during the 4th quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after purchasing an additional 1,190 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Perdoceo Education by 53.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,875 shares of the company’s stock valued at $103,000 after purchasing an additional 1,355 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Perdoceo Education in the 4th quarter valued at about $172,000. Institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Elise Baskel sold 17,818 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $24.16, for a total value of $430,482.88. Following the completion of the transaction, the senior vice president now owns 93,354 shares in the company, valued at $2,255,432.64. This represents a 16.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ashish R. Ghia sold 6,236 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $25.00, for a total transaction of $155,900.00. Following the sale, the chief financial officer now owns 252,130 shares in the company, valued at approximately $6,303,250. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,691 shares of company stock worth $2,774,669 over the last ninety days. 2.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on PRDO. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Barrington Research reiterated an “outperform” rating and set a $35.00 target price on shares of Perdoceo Education in a research report on Thursday.

Perdoceo Education Price Performance

Shares of PRDO opened at $24.92 on Friday. The stock has a market cap of $1.63 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Perdoceo Education Co. has a 1 year low of $18.10 and a 1 year high of $29.84. The stock’s 50-day moving average price is $25.40 and its two-hundred day moving average price is $25.78. The company has a current ratio of 4.84, a quick ratio of 5.45 and a debt-to-equity ratio of 0.01.

Perdoceo Education (NASDAQ:PRDO) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $176.43 million during the quarter, compared to analysts’ expectations of $160.12 million. Perdoceo Education had a net margin of 21.66% and a return on equity of 16.85%. On average, equities analysts predict that Perdoceo Education Co. will post 2.41 earnings per share for the current year.

Perdoceo Education Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.09%. Perdoceo Education’s payout ratio is 23.64%.

About Perdoceo Education

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.