Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Perdoceo Education Co. (NASDAQ:PRDO – Free Report) by 23.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,937 shares of the company’s stock after selling 28,337 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Perdoceo Education worth $1,248,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Spire Wealth Management boosted its holdings in shares of Perdoceo Education by 46.5% during the first quarter. Spire Wealth Management now owns 3,465 shares of the company’s stock valued at $47,000 after acquiring an additional 1,100 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Perdoceo Education by 63.7% during the first quarter. Captrust Financial Advisors now owns 4,248 shares of the company’s stock valued at $49,000 after acquiring an additional 1,653 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Perdoceo Education during the fourth quarter valued at $55,000. Tower Research Capital LLC TRC boosted its holdings in shares of Perdoceo Education by 190.5% during the third quarter. Tower Research Capital LLC TRC now owns 8,692 shares of the company’s stock valued at $89,000 after acquiring an additional 5,700 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Perdoceo Education by 23.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 7,137 shares of the company’s stock valued at $98,000 after acquiring an additional 1,336 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
Perdoceo Education Stock Down 0.2 %
PRDO stock opened at $16.10 on Wednesday. The company has a market capitalization of $1.06 billion, a P/E ratio of 8.70, a PEG ratio of 0.57 and a beta of 1.18. The company has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $13.28. Perdoceo Education Co. has a fifty-two week low of $9.97 and a fifty-two week high of $17.06.
Perdoceo Education Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, August 31st.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Perdoceo Education in a report on Thursday, August 17th. They set a “strong-buy” rating for the company. Barrington Research upped their price objective on shares of Perdoceo Education from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, August 4th.
View Our Latest Stock Report on Perdoceo Education
Insider Buying and Selling at Perdoceo Education
In other Perdoceo Education news, CEO Andrew Hurst sold 15,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $16.02, for a total value of $240,300.00. Following the completion of the sale, the chief executive officer now directly owns 352,641 shares of the company’s stock, valued at approximately $5,649,308.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Perdoceo Education news, SVP John Robert Kline sold 11,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $16.42, for a total transaction of $180,620.00. Following the sale, the senior vice president now owns 157,315 shares in the company, valued at approximately $2,583,112.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Hurst sold 15,000 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $16.02, for a total value of $240,300.00. Following the sale, the chief executive officer now owns 352,641 shares in the company, valued at approximately $5,649,308.82. The disclosure for this sale can be found here. In the last three months, insiders sold 104,333 shares of company stock valued at $1,696,334. 2.73% of the stock is owned by insiders.
About Perdoceo Education
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and The American InterContinental University System. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences.
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