Insider Selling: Bridgepoint Education, Inc. (BPI) CEO Sells $492,082.50 in Stock
Bridgepoint Education, Inc. (NYSE:BPI) CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $9.10, for a total value of $492,082.50. Following the transaction, 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 legal filing with the SEC, which is available at the SEC website.
Bridgepoint Education, Inc. (BPI) opened at $8.24 on Friday. Bridgepoint Education, Inc. has a 52 week low of $8.18 and a 52 week high of $15.85. The stock has a market capitalization of $270.17, a PE ratio of 13.62, a PEG ratio of 1.54 and a beta of 2.21.
Bridgepoint Education (NYSE:BPI) last issued its earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The business had revenue of $119.40 million during the quarter, compared to analyst estimates of $121.95 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue was down 12.6% compared to the same quarter last year. equities research analysts anticipate that Bridgepoint Education, Inc. will post 0.6 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new stake in Bridgepoint Education in the 2nd quarter valued at about $152,000. American International Group Inc. increased its position in Bridgepoint Education by 7.1% in the 1st 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 in the last quarter. Macquarie Group Ltd. bought a new stake in Bridgepoint Education in the 3rd quarter valued at about $108,000. Alliancebernstein L.P. bought a new stake in Bridgepoint Education in the 2nd quarter valued at about $176,000. Finally, Highbridge Capital Management LLC bought a new stake in Bridgepoint Education in the 3rd quarter valued at about $122,000. 91.33% of the stock is owned by institutional investors and hedge funds.
Several research analysts have commented on the company. Zacks Investment Research downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reissued a “hold” rating and issued a $14.00 price objective on shares of Bridgepoint Education in a research note on Friday, July 28th. BidaskClub downgraded Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.
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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