GSA Capital Partners LLP Buys Shares of 113,722 Bridgepoint Education Inc (BPI)
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.
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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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