Macquarie Group Ltd. Purchases New Stake in Bridgepoint Education Inc (BPI)

Macquarie Group Ltd. purchased a new stake in shares of Bridgepoint Education Inc (NYSE:BPI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,204 shares of the company’s stock, valued at approximately $108,000.

Other hedge funds have also recently modified their holdings of the company. AJO LP acquired a new stake in shares of Bridgepoint Education in the second quarter worth $3,596,000. Renaissance Technologies LLC boosted its position in shares of Bridgepoint Education by 15.2% in the second quarter. Renaissance Technologies LLC now owns 1,507,558 shares of the company’s stock worth $22,252,000 after buying an additional 198,900 shares during the period. Chicago Equity Partners LLC acquired a new stake in shares of Bridgepoint Education in the second quarter worth $2,685,000. OxFORD Asset Management LLP boosted its position in shares of Bridgepoint Education by 524.3% in the second quarter. OxFORD Asset Management LLP now owns 190,033 shares of the company’s stock worth $2,805,000 after buying an additional 159,592 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of Bridgepoint Education in the second quarter worth $1,637,000. Institutional investors own 88.39% of the company’s stock.

Shares of Bridgepoint Education Inc (NYSE:BPI) opened at $8.51 on Friday. The stock has a market capitalization of $253.78, a price-to-earnings ratio of 60.79, a P/E/G ratio of 1.42 and a beta of 2.17. Bridgepoint Education Inc has a 12-month low of $8.18 and a 12-month high of $15.85.

Bridgepoint Education (NYSE:BPI) last released its quarterly earnings data 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. The firm had revenue of $119.40 million during the quarter, compared to analysts’ expectations of $121.95 million. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. equities research analysts anticipate that Bridgepoint Education Inc will post 0.61 earnings per share for the current fiscal year.

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

Several analysts have recently commented on BPI shares. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $13.00 price objective on shares of Bridgepoint Education in a research report on Friday, October 27th.

In other Bridgepoint Education news, Director Pincus Private Equity Warburg sold 7,562,890 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $7.90, for a total transaction of $59,746,831.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew S. Clark sold 54,075 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $9.10, for a total value of $492,082.50. Following the transaction, the chief executive officer now owns 146,806 shares in the company, valued at $1,335,934.60. The disclosure for this sale can be found here. 41.50% of the stock is owned by company insiders.

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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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