Insider Selling: Bridgepoint Education, Inc. (BPI) CEO Sells 54,075 Shares of Stock
Bridgepoint Education, Inc. (NYSE:BPI) 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 value of $492,082.50. Following the completion of the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at $1,335,934.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Bridgepoint Education, Inc. (BPI) traded up $0.03 during midday trading on Wednesday, reaching $9.26. The company’s stock had a trading volume of 267,700 shares, compared to its average volume of 198,772. The stock has a market cap of $264.05, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.54 and a beta of 2.21. Bridgepoint Education, Inc. has a 12 month low of $8.26 and a 12 month high of $15.85.
Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $119.40 million during the quarter, compared to the consensus estimate of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. Bridgepoint Education’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. equities research analysts predict that Bridgepoint Education, Inc. will post 0.6 EPS for the current year.
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A number of brokerages have recently weighed in on BPI. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Bridgepoint Education in a research note on Friday, July 21st. BidaskClub cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Bridgepoint Education currently has an average rating of “Hold” and an average target price of $13.00.
Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Bridgepoint Education by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,602 shares of the company’s stock valued at $26,076,000 after purchasing an additional 49,994 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bridgepoint Education by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock valued at $22,252,000 after purchasing an additional 198,900 shares during the last quarter. Vanguard Group Inc. raised its stake in Bridgepoint Education by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock valued at $15,679,000 after acquiring an additional 85,909 shares during the last quarter. Schroder Investment Management Group raised its stake in Bridgepoint Education by 1.9% during the 3rd quarter. Schroder Investment Management Group now owns 895,097 shares of the company’s stock valued at $8,673,000 after acquiring an additional 17,043 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Bridgepoint Education by 396.8% during the 2nd quarter. Acadian Asset Management LLC now owns 631,692 shares of the company’s stock valued at $9,325,000 after acquiring an additional 504,545 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.
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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