The Manufacturers Life Insurance Company grew its holdings in shares of Bridgepoint Education Inc (NYSE:BPI) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,403 shares of the company’s stock after purchasing an additional 1,071 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Bridgepoint Education worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Bridgepoint Education by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,602 shares of the company’s stock valued at $26,076,000 after buying an additional 49,994 shares during the last quarter. Renaissance Technologies LLC grew its stake in Bridgepoint Education by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock valued at $22,252,000 after buying an additional 198,900 shares during the last quarter. Vanguard Group Inc. grew its stake in Bridgepoint Education by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 1,469,422 shares of the company’s stock valued at $15,679,000 after buying an additional 85,909 shares during the last quarter. State Street Corp grew its stake in Bridgepoint Education by 14.9% in the 2nd quarter. State Street Corp now owns 322,378 shares of the company’s stock valued at $4,755,000 after buying an additional 41,767 shares during the last quarter. Finally, AJO LP acquired a new position in Bridgepoint Education in the 2nd quarter valued at $3,596,000. Institutional investors and hedge funds own 88.47% of the company’s stock.

Bridgepoint Education Inc (BPI) opened at $9.09 on Friday. Bridgepoint Education Inc has a 12 month low of $8.18 and a 12 month high of $15.85. The stock has a market cap of $261.09, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.46 and a beta of 2.17.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Bridgepoint Education had a net margin of 0.49% and a return on equity of 12.78%. The business had revenue of $119.40 million for the quarter, compared to analyst estimates of $121.95 million. During the same period last year, the business posted $0.09 EPS. Bridgepoint Education’s revenue was down 12.6% compared to the same quarter last year. equities research analysts expect that Bridgepoint Education Inc will post 0.61 EPS for the current year.

Bridgepoint Education announced that its board has initiated a stock repurchase program on Friday, November 17th that authorizes the company to repurchase 2,100,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through a private placement purchase. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

A number of research firms recently issued reports on BPI. Zacks Investment Research upgraded shares of Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Thursday, November 23rd. ValuEngine upgraded shares of Bridgepoint Education from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 target price on shares of Bridgepoint Education in a research note on Friday, October 27th.

In other Bridgepoint Education news, CEO Andrew S. Clark sold 54,075 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were 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 approximately $1,335,934.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pincus Private Equity Warburg sold 7,562,890 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total transaction of $59,746,831.00. The disclosure for this sale can be found here. Company insiders own 41.50% of the company’s stock.

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

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