5.1% Stake of Bridgepoint Education Inc. (BPI) Held by Mangrove Partners Master Fund, Ltd
Mangrove Partners Master Fund, Ltd recently disclosed that they own a 5.1% stake in Bridgepoint Education Inc. (NYSE:BPI) in a Form 13G disclosure that was filed with the Securities and Exchange Commission on Wednesday, September 21st. The investor owns 2,362,069 shares of the stock valued at about $16,251,035. The reporting parties listed on the disclosure included Mangrove Partners Master Fund, Ltd, The Mangrove Partners Fund, LP, Mangrove Partners Fund (Cayman), Ltd, Mangrove Capital and Nathaniel August. The disclosure is available through EDGAR at this hyperlink.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in Bridgepoint Education during the first quarter valued at about $134,000. Wedge Capital Management L L P NC increased its stake in Bridgepoint Education by 2.0% in the second quarter. Wedge Capital Management L L P NC now owns 23,515 shares of the company’s stock valued at $170,000 after buying an additional 466 shares during the period. Teachers Advisors Inc. increased its stake in Bridgepoint Education by 7.4% in the second quarter. Teachers Advisors Inc. now owns 26,374 shares of the company’s stock valued at $191,000 after buying an additional 1,824 shares during the period. Panagora Asset Management Inc. increased its stake in Bridgepoint Education by 60.3% in the second quarter. Panagora Asset Management Inc. now owns 27,747 shares of the company’s stock valued at $201,000 after buying an additional 10,442 shares during the period. Finally, Springbok Capital Management LLC increased its stake in Bridgepoint Education by 28.0% in the first quarter. Springbok Capital Management LLC now owns 21,120 shares of the company’s stock valued at $213,000 after buying an additional 4,620 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Shares of Bridgepoint Education Inc. (NYSE:BPI) traded down 1.02% during mid-day trading on Wednesday, reaching $6.81. The company had a trading volume of 20,589 shares. The company’s market capitalization is $315.37 million. Bridgepoint Education Inc. has a 12 month low of $5.38 and a 12 month high of $10.93. The firm’s 50-day moving average is $7.45 and its 200 day moving average is $8.25.
Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Bridgepoint Education had a positive return on equity of 4.24% and a negative net margin of 14.03%. The firm had revenue of $137.97 million for the quarter, compared to the consensus estimate of $141.50 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities research analysts predict that Bridgepoint Education Inc. will post $0.22 earnings per share for the current year.
BPI has been the subject of several recent analyst reports. TheStreet downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Monday, June 6th. Zacks Investment Research upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
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, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively.
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