Dimensional Fund Advisors LP grew its stake in Bridgepoint Education, Inc. (NYSE:BPI) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,766,602 shares of the company’s stock after acquiring an additional 49,994 shares during the quarter. Dimensional Fund Advisors LP owned about 6.07% of Bridgepoint Education worth $26,076,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Bridgepoint Education by 15.2% during the second 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 period. Northern Trust Corp lifted its position in Bridgepoint Education by 11.4% during the second quarter. Northern Trust Corp now owns 215,859 shares of the company’s stock worth $3,186,000 after buying an additional 22,053 shares during the period. New York State Common Retirement Fund lifted its position in Bridgepoint Education by 44.8% during the second quarter. New York State Common Retirement Fund now owns 22,300 shares of the company’s stock worth $329,000 after buying an additional 6,899 shares during the period. Nationwide Fund Advisors lifted its position in Bridgepoint Education by 61.8% during the second quarter. Nationwide Fund Advisors now owns 70,998 shares of the company’s stock worth $1,048,000 after buying an additional 27,107 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Bridgepoint Education during the second quarter worth about $288,000. Institutional investors and hedge funds own 91.33% of the company’s stock.
In other news, Director Pincus Private Equity Warburg sold 2,075,395 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $9.00, for a total value of $18,678,555.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 41.50% of the stock is currently owned by company insiders.
Several equities research analysts have commented on BPI shares. Zacks Investment Research upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Piper Jaffray Companies restated a “hold” rating and set a $14.00 price target on shares of Bridgepoint Education in a research note on Friday, July 28th. ValuEngine lowered Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $13.00.
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Shares of Bridgepoint Education, Inc. (NYSE:BPI) opened at $9.23 on Tuesday. Bridgepoint Education, Inc. has a 12 month low of $8.26 and a 12 month high of $15.85. The company has a market capitalization of $273.67, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.56 and a beta of 2.21.
Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The business had revenue of $119.40 million during the quarter, compared to analyst estimates of $121.95 million. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. research analysts forecast that Bridgepoint Education, Inc. will post 0.6 EPS for the current fiscal year.
Bridgepoint Education Company 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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