Polaris Capital Management LLC Acquires 11,300 Shares of Perdoceo Education Co. (NASDAQ:PRDO)

Polaris Capital Management LLC raised its stake in shares of Perdoceo Education Co. (NASDAQ:PRDO) by 26.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 54,800 shares of the company’s stock after acquiring an additional 11,300 shares during the period. Polaris Capital Management LLC owned approximately 0.08% of Perdoceo Education worth $1,451,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Perdoceo Education by 38.7% during the third quarter. Blue Trust Inc. now owns 1,762 shares of the company’s stock valued at $38,000 after purchasing an additional 492 shares during the period. R Squared Ltd purchased a new position in shares of Perdoceo Education in the 4th quarter worth $60,000. KBC Group NV grew its holdings in shares of Perdoceo Education by 47.5% in the fourth quarter. KBC Group NV now owns 3,696 shares of the company’s stock worth $98,000 after acquiring an additional 1,190 shares during the period. Point72 DIFC Ltd purchased a new stake in Perdoceo Education during the third quarter valued at $114,000. Finally, Point72 Asset Management L.P. bought a new position in Perdoceo Education in the third quarter valued at about $133,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PRDO. StockNews.com raised shares of Perdoceo Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Barrington Research restated an “outperform” rating and issued a $32.00 price objective on shares of Perdoceo Education in a research note on Friday.

Insider Buying and Selling at Perdoceo Education

In other news, Director Patrick W. Gross sold 3,400 shares of the business’s 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 approximately $1,862,039.90. The trade was a 4.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Robert Kline sold 30,574 shares of Perdoceo Education stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $26.47, for a total transaction of $809,293.78. Following the transaction, the senior vice president now directly owns 130,405 shares in the company, valued at approximately $3,451,820.35. The trade was a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,594 shares of company stock worth $1,541,396 over the last quarter. Insiders own 1.81% of the company’s stock.

Perdoceo Education Stock Up 0.1 %

NASDAQ PRDO opened at $28.45 on Tuesday. Perdoceo Education Co. has a twelve month low of $16.12 and a twelve month high of $29.47. The business has a 50-day moving average price of $27.24 and a 200-day moving average price of $24.52. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.07.

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

Perdoceo Education Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, February 28th. Perdoceo Education’s payout ratio is 26.13%.

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.