Trexquant Investment LP purchased a new position in Bridgepoint Education Inc (NYSE:BPI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,170 shares of the company’s stock, valued at approximately $328,000. Trexquant Investment LP owned approximately 0.12% of Bridgepoint Education as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of BPI. American International Group Inc. raised its position in Bridgepoint Education by 7.1% in the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after purchasing an additional 728 shares in the last quarter. Teachers Advisors LLC grew its stake in Bridgepoint Education by 11.7% during the first quarter. Teachers Advisors LLC now owns 72,828 shares of the company’s stock worth $777,000 after buying an additional 7,645 shares during the last quarter. California Public Employees Retirement System grew its stake in Bridgepoint Education by 5.2% during the first quarter. California Public Employees Retirement System now owns 102,071 shares of the company’s stock worth $1,089,000 after buying an additional 5,000 shares during the last quarter. Vanguard Group Inc. grew its stake in Bridgepoint Education by 6.2% during the first quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock worth $15,679,000 after buying an additional 85,909 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Bridgepoint Education by 3.1% during the first quarter. Geode Capital Management LLC now owns 113,792 shares of the company’s stock worth $1,214,000 after buying an additional 3,396 shares during the last quarter. 88.47% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Pincus Private Equity Warburg sold 7,562,890 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $7.90, for a total transaction of $59,746,831.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $9.10, for a total transaction of $492,082.50. Following the sale, the chief executive officer now directly owns 146,806 shares in the company, valued at $1,335,934.60. The disclosure for this sale can be found here. 41.50% of the stock is owned by corporate insiders.
Shares of Bridgepoint Education Inc (BPI) opened at $8.88 on Wednesday. The firm has a market cap of $261.68, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.47 and a beta of 2.17. Bridgepoint Education Inc has a 52 week low of $8.18 and a 52 week high of $15.85.
Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $121.95 million. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. equities analysts predict that Bridgepoint Education Inc will post 0.61 EPS for the current fiscal year.
Bridgepoint Education announced that its board has approved a stock buyback plan on Friday, November 17th that authorizes the company to buyback 2,100,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through a private placement purchase. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
BPI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective on shares of Bridgepoint Education in a research note on Friday, October 27th. Finally, ValuEngine cut shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Friday, September 1st.
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Bridgepoint Education Profile
Bridgepoint Education, Inc (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes, and provide a range of student services.
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