GSA Capital Partners LLP bought a new position in Bridgepoint Education Inc (NYSE:BPI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 113,722 shares of the company’s stock, valued at approximately $1,092,000. GSA Capital Partners LLP owned 0.39% of Bridgepoint Education at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AJO LP acquired a new position in shares of Bridgepoint Education during the 2nd quarter worth about $3,596,000. Renaissance Technologies LLC boosted its stake in shares of Bridgepoint Education by 15.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock worth $22,252,000 after buying an additional 198,900 shares during the last quarter. Chicago Equity Partners LLC acquired a new position in shares of Bridgepoint Education during the 2nd quarter worth about $2,685,000. OxFORD Asset Management LLP boosted its stake in shares of Bridgepoint Education by 524.3% during the 2nd quarter. OxFORD Asset Management LLP now owns 190,033 shares of the company’s stock worth $2,805,000 after buying an additional 159,592 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of Bridgepoint Education during the 2nd quarter worth about $1,637,000. 88.39% of the stock is owned by hedge funds and other institutional investors.

In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $9.10, for a total value of $492,082.50. Following the transaction, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at approximately $1,335,934.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pincus Private Equity Warburg sold 7,562,890 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total transaction of $59,746,831.00. The disclosure for this sale can be found here. 41.50% of the stock is owned by corporate insiders.

A number of research firms have recently commented on BPI. ValuEngine upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 target price on shares of Bridgepoint Education in a research note on Friday, October 27th.

Shares of Bridgepoint Education Inc (BPI) opened at $8.51 on Friday. Bridgepoint Education Inc has a one year low of $8.18 and a one year high of $15.85. The stock has a market cap of $253.78, a PE ratio of 60.79, a P/E/G ratio of 1.42 and a beta of 2.17.

Bridgepoint Education (NYSE:BPI) last issued its earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $119.40 million during the quarter, compared to the consensus estimate of $121.95 million. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. Bridgepoint Education’s revenue was down 12.6% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. equities research analysts expect that Bridgepoint Education Inc will post 0.61 EPS for the current year.

Bridgepoint Education declared that its Board of Directors has approved a stock buyback program on Friday, November 17th that allows the company to buyback 2,100,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through a private placement purchase. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: “GSA Capital Partners LLP Buys Shares of 113,722 Bridgepoint Education Inc (BPI)” was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://theolympiareport.com/2017/12/24/gsa-capital-partners-llp-buys-shares-of-113722-bridgepoint-education-inc-bpi.html.

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.

Institutional Ownership by Quarter for Bridgepoint Education (NYSE:BPI)

Receive News & Ratings for Bridgepoint Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education and related companies with Analyst Ratings Network's FREE daily email newsletter.