News headlines about Bridgepoint Education (NYSE:BPI) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bridgepoint Education earned a news impact score of 0.00 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.7371218643504 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Bridgepoint Education (NYSE BPI) traded up $0.09 during midday trading on Wednesday, reaching $7.27. The company had a trading volume of 12,580 shares, compared to its average volume of 185,568. Bridgepoint Education has a fifty-two week low of $7.02 and a fifty-two week high of $15.85. The firm has a market capitalization of $208.76, a PE ratio of 10.50, a P/E/G ratio of 1.44 and a beta of 2.06.
Bridgepoint Education announced that its board has approved a stock repurchase program on Friday, November 17th that allows the company to buyback 2,100,000 shares. This buyback authorization allows the company to reacquire shares of its stock through a private placement purchase. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages have recently weighed in on BPI. ValuEngine cut Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Bridgepoint Education from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday, January 16th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 target price on shares of Bridgepoint Education in a research note on Friday, October 27th.
In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 7,562,890 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total value of $59,746,831.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 41.50% of the stock is currently owned by corporate insiders.
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About Bridgepoint Education
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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