Bridgepoint Education, Inc. (NYSE:BPI) Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $9.00, for a total value of $18,678,555.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Bridgepoint Education, Inc. (NYSE BPI) traded up 0.92% during trading on Friday, reaching $8.75. The company had a trading volume of 376,807 shares. Bridgepoint Education, Inc. has a 52-week low of $5.38 and a 52-week high of $15.85. The stock’s market capitalization is $254.52 million. The stock has a 50 day moving average of $11.91 and a 200 day moving average of $11.97.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.02. The business had revenue of $124.58 million for the quarter, compared to analyst estimates of $127 million. Bridgepoint Education had a positive return on equity of 9.16% and a negative net margin of 1.39%. Bridgepoint Education’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. Equities research analysts forecast that Bridgepoint Education, Inc. will post $0.64 EPS for the current year.

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A number of analysts have recently commented on BPI shares. ValuEngine upgraded Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Bridgepoint Education from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, May 2nd. BidaskClub cut Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $16.00 target price on shares of Bridgepoint Education in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

A number of large investors have recently added to or reduced their stakes in BPI. The Manufacturers Life Insurance Company raised its stake in Bridgepoint Education by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,403 shares of the company’s stock valued at $242,000 after buying an additional 1,071 shares during the period. State Street Corp raised its stake in Bridgepoint Education by 14.9% in the second 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 period. Cornerstone Capital Management Holdings LLC. acquired a new stake in Bridgepoint Education during the second quarter valued at $480,000. Goldman Sachs Group Inc. raised its stake in Bridgepoint Education by 50.3% in the second quarter. Goldman Sachs Group Inc. now owns 131,350 shares of the company’s stock valued at $1,939,000 after buying an additional 43,980 shares during the period. Finally, PDT Partners LLC raised its stake in Bridgepoint Education by 172.9% in the second quarter. PDT Partners LLC now owns 38,200 shares of the company’s stock valued at $564,000 after buying an additional 24,200 shares during the period. Hedge funds and other institutional investors own 91.89% of the company’s stock.

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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