Bridgepoint Education, Inc. (BPI) Short Interest Update
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.
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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