Bridgepoint Education, Inc. (BPI) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Bridgepoint Education, Inc. (NYSE:BPI) from a strong-buy rating to a hold rating in a report published on Tuesday, July 4th.

According to Zacks, “Bridgepoint Education, Inc. provides postsecondary education services. It offers associate’s, bachelor’s, master’s, and doctoral programs in the disciplines of business, education, psychology, social sciences, and health sciences. The Company delivers its programs online, as well as at its traditional campuses located in Clinton, Iowa and Colorado Springs, Colorado. Headquartered in San Diego, California, the company was founded on the principle that those who are academically prepared deserve access to an affordable higher education without sacrificing quality, transferability of credits, accessibility and academic standards. “

Shares of Bridgepoint Education (NYSE:BPI) traded up 0.07% during mid-day trading on Tuesday, hitting $13.80. 19,934 shares of the stock were exchanged. The stock’s 50 day moving average price is $14.12 and its 200-day moving average price is $12.03. The stock’s market capitalization is $397.26 million. Bridgepoint Education has a 12-month low of $5.38 and a 12-month high of $15.85.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.23 EPS for the quarter. Bridgepoint Education had a positive return on equity of 7.58% and a negative net margin of 1.92%. The company had revenue of $129.49 million for the quarter, compared to analysts’ expectations of $125 million. On average, equities research analysts expect that Bridgepoint Education will post $0.61 EPS for the current fiscal year.

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In other news, CEO Andrew S. Clark sold 54,076 shares of Bridgepoint Education stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $13.86, for a total value of $749,493.36. Following the completion of the transaction, the chief executive officer now owns 146,807 shares in the company, valued at approximately $2,034,745.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Russell Sakamoto sold 5,796 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $14.89, for a total value of $86,302.44. Following the transaction, the insider now owns 14,885 shares of the company’s stock, valued at approximately $221,637.65. The disclosure for this sale can be found here. Insiders sold 64,096 shares of company stock worth $899,578 in the last ninety days. Corporate insiders own 41.50% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Boothbay Fund Management LLC raised its stake in shares of Bridgepoint Education by 2.8% in the fourth quarter. Boothbay Fund Management LLC now owns 11,149 shares of the company’s stock worth $113,000 after buying an additional 299 shares during the period. American International Group Inc. raised its position in Bridgepoint Education by 7.1% in the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock valued at $117,000 after buying an additional 728 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Bridgepoint Education during the fourth quarter valued at approximately $118,000. Valley National Advisers Inc. raised its position in Bridgepoint Education by 45.1% in the first quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock valued at $118,000 after buying an additional 3,440 shares during the last quarter. Finally, 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 in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

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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