New York State Common Retirement Fund raised its stake in shares of Bridgepoint Education, Inc. (NYSE:BPI) by 44.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,300 shares of the company’s stock after purchasing an additional 6,899 shares during the period. New York State Common Retirement Fund owned 0.08% of Bridgepoint Education worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BPI. American International Group Inc. raised its position in Bridgepoint Education by 7.1% during the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock valued at $117,000 after purchasing an additional 728 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Bridgepoint Education during the second quarter valued at approximately $152,000. Bank of America Corp DE raised its position in Bridgepoint Education by 542.3% during the first quarter. Bank of America Corp DE now owns 15,761 shares of the company’s stock valued at $168,000 after purchasing an additional 13,307 shares during the period. Alliancebernstein L.P. purchased a new stake in Bridgepoint Education during the second quarter valued at approximately $176,000. Finally, Valley National Advisers Inc. raised its position in Bridgepoint Education by 21.9% during the second quarter. Valley National Advisers Inc. now owns 13,480 shares of the company’s stock valued at $199,000 after purchasing an additional 2,420 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

In other news, CEO Andrew S. Clark sold 54,075 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $9.10, for a total value of $492,082.50. Following the sale, the chief executive officer now directly owns 146,806 shares in the company, valued at $1,335,934.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 41.50% of the company’s stock.

Shares of Bridgepoint Education, Inc. (NYSE BPI) opened at $8.24 on Friday. Bridgepoint Education, Inc. has a fifty-two week low of $8.18 and a fifty-two week high of $15.85. The firm has a market capitalization of $240.92, a P/E ratio of 12.12, a PEG ratio of 1.37 and a beta of 2.21.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The firm had revenue of $119.40 million for the quarter, compared to the consensus estimate of $121.95 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. analysts expect that Bridgepoint Education, Inc. will post 0.6 EPS for the current fiscal year.

Bridgepoint Education announced that its Board of Directors has authorized a stock repurchase program on Friday, November 17th that allows the company to repurchase 2,100,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through a private placement purchase. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

A number of equities research analysts have issued reports on the company. Piper Jaffray Companies restated a “hold” rating and set a $14.00 price objective on shares of Bridgepoint Education in a research report on Friday, July 28th. ValuEngine upgraded Bridgepoint Education from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Finally, BidaskClub downgraded Bridgepoint Education from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

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

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