Assenagon Asset Management S.A. acquires 33,966 Perdoceo Education Co. shares (NASDAQ:PRDO)

The most recent filing that the company has made with the Securities and Exchange Commission reveals that Assenagon Asset Management S.A. increased the number of shares of Perdoceo Education Co. (NASDAQ: PRDO) stock that it owns during the third quarter. Following the completion of additional transactions during that period, amounting to purchasing 33,966 shares, the institutional investor now possesses a total of 185,499 shares of the company’s stock. Assenagon Asset Management S.A. held 0.27% of the shares in Perdoceo Education at the end of the most recent quarter, valued at $1,911,000.

Recently, various types of institutional investors, including hedge funds, have made adjustments to the PRDO holdings that they currently have. During the second quarter, the investment management company Polaris Capital Management LLC increased the percentage of Perdoceo Education shares it owned by 221.2%. After the acquisition of 1,714,494 shares during the most recent quarter, Polaris Capital Management LLC now holds 2,489,694 shares of the company’s common stock. Their shareholdings in the company are currently valued at $56,217,000. During the second quarter of the fiscal year, Clifford Capital Partners LLC made an investment in Perdoceo Education in the amount of $7,004,000During the second quarter, the investment management company Polaris Capital Management LLC increased the percentage of Perdoceo Education shares it owned by 221.2%. After the acquisition of 1,714,494 shares during the most recent quarter, Polaris Capital Management LLC now holds 2,489,694 shares of the company’s common stock. Their shareholdings in the company are currently valued at $56,217,000. During the second quarter of the fiscal year, Clifford Capital Partners LLC invested in Perdoceo Education in the amount of $7,004,000. Millennium Management LLC successfully increased its ownership of Perdoceo Education by 229.4% over the second quarter. Millennium Management LLC now owns a total of 514,584 shares of the company’s stock, currently valued at $6,062,000, after purchasing an additional 358,361 shares during the period in question. During the second quarter, Renaissance Technologies LLC made a 6.8% purchase of additional Perdoceo Education stock, bringing the total amount of the company’s holdings to 100%. Renaissance Technologies LLC now has 4,965,587 shares after making a new purchase of 315,918 shares during the most recent session. These shares have a current value of $58,495,000.

Last but not least, during the first three months of the year, Dimensional Fund Advisors L.P. increased 8.8 percent in the amount of Perdoceo Education stock it owned. Following the completion of the period, Dimensional Fund Advisors L.P. acquired an additional 283,804 shares of the company’s stock, bringing the total number of shares it currently owns to 3,508,521. When factoring in the value of these shares, the total value of the company’s stock comes to $40,279,000. The majority of the company’s stock, 91.01 percent, is held by institutional investors as their investment vehicle.

Several distinct research firms have offered their most recent observations and thoughts on PRDO in recent days. TheStreet upgraded Perdoceo Education from a “C+” rating to a “B-” rating in a research note published on November 22. This change was made to reflect the progress that the company has made. On Wednesday, October 12, StockNews.com released an article that was the very first to discuss Perdoceo’s education. This article was published on StockNews.com. They encouraged potential buyers to “strongly purchase” the stock.

Trading for NASDAQ PRDO started at $15 on Friday, when it was first made available to the public. The stock’s moving averages over the past 50 and 200 days come in at $14.04 and $12.47, respectively. The one-year low for Perdoceo Education Co. is $9.65, while the one-year high for the company is $15.10. The company has a price-to-earnings ratio of 10.00, a price-to-earnings-to-growth ratio of 0.68, and a beta value of 1.16. These ratios calculate the current share price of future earnings. The company currently has a market capitalization of $1.01 billion.

The most recent quarterly earnings report for the publicly traded company known as Perdoceo Education (NASDAQ: PRDO) was made available to the public on Monday, November 7. The company reported earnings per share for the period at $0.39, which is $0.10 higher than the consensus estimate of $0.29 from industry analysts. The sales for the company during the period came in at $168.42 million, which is a significant increase compared to the industry analysts’ predictions of $159.21 million for the company’s sales. The return on equity for Perdoceo Education was 17.44%, and the net margin for the company was 15.37%. Analysts predicted that each share of Perdoceo Education Co. would generate a profit of $1.59 during the company’s current fiscal year.

John Robert Kline, Senior Vice President of the company, sold 36,774 shares of the company’s stock on Friday, October 28. This is one of the other recent developments. A total of 422 533.26 dollars’ worth of the company’s stock was bought and sold at an average price of $11.49 per share. The senior vice president is currently the owner of 161,998 shares of the company, which have a combined value of $1,861,357.02 at the time of this writing. If you go to the website of the SEC, you should be able to find a legal file there that details the transaction in greater detail. John Robert Kline, Senior Vice President of the company, sold 36,774 shares of the company’s stock on Friday, October 28. This is one of the other recent developments. A total of 422 533.26 dollars’ worth of the company’s stock was bought and sold at an average price of $11.49 per share. The senior vice president is currently the owner of 161,998 shares of the company, which have a combined value of $1,861,357.02 at the time of this writing. On the website of the SEC, you may find a legal file that provides more information on the transaction.

Additionally, on Monday, October 17, the company’s chairman, Todd S. Nelson, sold 25,000 shares of company stock. On average, the price of one share was equal to 10.64 dollars, which resulted in the acquisition of a sum of $266,000.00 when all of the shares were sold. Following the successful conclusion of the sale, the chairman of the board now directly owns 914,171 shares of the company. The total value of these shares is $9,697,476.88. The disclosure about the purchase can be found in this particular location. Insiders have generated a total of $718,695 in sales for the company over the past three months by selling 64,399 shares of company stock. 2.89% of the company’s shares are held privately by company insiders.

Perdoceo Education Corporation offers students in the United States the opportunity to participate in various learning programs, including those delivered online, on traditional campuses, and in hybrid formats. The organization can be divided into two distinct divisions: Colorado Technical University and American Intercontinental University. In addition to business studies, information technologies, education, and health sciences, it offers academic programs in business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice. These programs are offered in addition to nursing, information technology, and engineering.