Bridgepoint Education, Inc. (NYSE:BPI) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 816,140 shares, a decrease of 34.4% from the August 15th total of 1,243,172 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 332,714 shares, the short-interest ratio is presently 2.5 days.

A number of analysts have recently weighed in on BPI shares. Zacks Investment Research raised shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. Piper Jaffray Companies reissued a “hold” rating and set a $14.00 target price on shares of Bridgepoint Education in a research note on Friday, July 28th. ValuEngine lowered shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Bridgepoint Education presently has an average rating of “Hold” and an average price target of $14.00.

Shares of Bridgepoint Education (NYSE BPI) opened at 8.97 on Friday. Bridgepoint Education has a 1-year low of $6.34 and a 1-year high of $15.85. The company’s 50-day moving average is $9.10 and its 200 day moving average is $11.81. The firm’s market capitalization is $260.92 million.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. The business had revenue of $124.58 million for the quarter, compared to analyst estimates of $127.00 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, analysts expect that Bridgepoint Education will post $0.64 EPS for the current fiscal year.

In other news, CEO Andrew S. Clark sold 54,075 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total value of $477,482.25. Following the completion of the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at approximately $1,296,296.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pincus Private Equity Warburg sold 2,075,395 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.00, for a total transaction of $18,678,555.00. The disclosure for this sale can be found here. Corporate insiders own 41.50% of the company’s stock.

Large investors have recently modified their holdings of the company. Nationwide Fund Advisors grew its position in shares of Bridgepoint Education by 38.7% during the 1st quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock worth $468,000 after buying an additional 12,251 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bridgepoint Education by 6.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,716,608 shares of the company’s stock worth $18,316,000 after buying an additional 104,839 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Bridgepoint Education during the 1st quarter worth approximately $241,000. Russell Investments Group Ltd. acquired a new stake in shares of Bridgepoint Education during the 1st quarter worth approximately $386,000. Finally, Schroder Investment Management Group grew its position in shares of Bridgepoint Education by 25.7% during the 1st quarter. Schroder Investment Management Group now owns 1,093,548 shares of the company’s stock worth $11,690,000 after buying an additional 223,452 shares during the period. Institutional investors own 92.80% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/22/bridgepoint-education-inc-bpi-short-interest-update.html.

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.

Receive News & Ratings for Bridgepoint Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education Inc. and related companies with MarketBeat.com's FREE daily email newsletter.