Spark Investment Management LLC bought a new stake in Bridgepoint Education, Inc. (NYSE:BPI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,400 shares of the company’s stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Prudential Financial Inc. purchased a new position in shares of Bridgepoint Education during the first quarter valued at $148,000. Brandes Investment Partners LP raised its position in shares of Bridgepoint Education by 14.6% in the first quarter. Brandes Investment Partners LP now owns 12,891 shares of the company’s stock valued at $138,000 after buying an additional 1,646 shares during the period. Alambic Investment Management L.P. raised its position in shares of Bridgepoint Education by 11.4% in the first quarter. Alambic Investment Management L.P. now owns 104,750 shares of the company’s stock valued at $1,118,000 after buying an additional 10,708 shares during the period. Trexquant Investment LP purchased a new position in shares of Bridgepoint Education during the first quarter valued at $292,000. Finally, TFS Capital LLC purchased a new position in shares of Bridgepoint Education during the first quarter valued at $869,000. 91.35% of the stock is currently owned by institutional investors and hedge funds.

Bridgepoint Education, Inc. (NYSE:BPI) opened at 9.71 on Friday. Bridgepoint Education, Inc. has a 52-week low of $5.38 and a 52-week high of $15.85. The firm has a 50-day moving average price of $12.54 and a 200 day moving average price of $12.02. The stock’s market capitalization is $282.44 million.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.02. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. The business had revenue of $124.58 million during the quarter, compared to analyst estimates of $127 million. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, equities research analysts predict that Bridgepoint Education, Inc. will post $0.64 EPS for the current year.

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Several research analysts recently weighed in on the company. Zacks Investment Research lowered Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.00 target price on shares of Bridgepoint Education in a research report on Friday, July 21st. Finally, ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Bridgepoint Education has a consensus rating of “Hold” and a consensus price target of $14.00.

In related news, CEO Andrew S. Clark sold 54,076 shares of Bridgepoint Education stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $13.86, for a total value of $749,493.36. Following the completion of the sale, the chief executive officer now owns 146,807 shares of the company’s stock, valued at approximately $2,034,745.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Russell Sakamoto sold 4,224 shares of Bridgepoint Education stock in a transaction on Monday, May 15th. The shares were sold at an average price of $15.10, for a total transaction of $63,782.40. Following the completion of the sale, the chief accounting officer now directly owns 4,865 shares of the company’s stock, valued at approximately $73,461.50. The disclosure for this sale can be found here. 41.50% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Bridgepoint Education (NYSE:BPI)

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