Bridgepoint Education Inc (NYSE:BPI) shares traded up 8.9% during mid-day trading on Tuesday . The stock traded as high as $8.75 and last traded at $8.28. 950,700 shares traded hands during mid-day trading, an increase of 160% from the average session volume of 365,080 shares. The stock had previously closed at $7.60.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $13.00 price objective on shares of Bridgepoint Education in a research report on Friday, October 27th.

The firm has a market cap of $235.36, a PE ratio of 58.64, a price-to-earnings-growth ratio of 1.54 and a beta of 2.17.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The firm had revenue of $119.40 million for the quarter, compared to analysts’ expectations of $121.95 million. During the same period in the previous year, the company posted $0.09 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. equities analysts forecast that Bridgepoint Education Inc will post 0.61 earnings per share for the current year.

Bridgepoint Education declared that its board has authorized a stock repurchase program on Friday, November 17th that permits the company to buyback 2,100,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through a private placement purchase. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 7,562,890 shares of Bridgepoint Education stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction 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 of the company’s stock, valued at approximately $1,335,934.60. The disclosure for this sale can be found here. Company insiders own 41.50% of the company’s stock.

Several large investors have recently modified their holdings of BPI. AJO LP acquired a new stake in shares of Bridgepoint Education during the 2nd quarter valued at $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 valued at $22,252,000 after buying an additional 198,900 shares during the period. 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 valued at $2,805,000 after buying an additional 159,592 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Bridgepoint Education during the 3rd quarter valued at $1,092,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Bridgepoint Education in the 2nd quarter valued at $1,637,000. 88.39% of the stock is owned by institutional investors.

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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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