Municipal Employees Retirement System of Michigan Invests $227,000 in Bridgepoint Education Inc (BPI)

Municipal Employees Retirement System of Michigan acquired a new position in shares of Bridgepoint Education Inc (NYSE:BPI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 32,440 shares of the company’s stock, valued at approximately $227,000. Municipal Employees Retirement System of Michigan owned approximately 0.12% of Bridgepoint Education as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of BPI. Nantahala Capital Management LLC grew its holdings in shares of Bridgepoint Education by 21.6% during the fourth quarter. Nantahala Capital Management LLC now owns 2,348,865 shares of the company’s stock worth $16,466,000 after buying an additional 416,731 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Bridgepoint Education by 36.2% during the third quarter. Renaissance Technologies LLC now owns 1,490,957 shares of the company’s stock worth $15,148,000 after buying an additional 396,399 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Bridgepoint Education by 72.2% during the third quarter. BlackRock Inc. now owns 686,929 shares of the company’s stock worth $6,979,000 after buying an additional 287,914 shares in the last quarter. Morgan Stanley grew its holdings in shares of Bridgepoint Education by 105.6% during the third quarter. Morgan Stanley now owns 391,620 shares of the company’s stock worth $3,978,000 after buying an additional 201,183 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Bridgepoint Education by 53.5% during the fourth quarter. Acadian Asset Management LLC now owns 555,529 shares of the company’s stock worth $3,894,000 after buying an additional 193,535 shares in the last quarter. Institutional investors and hedge funds own 81.06% of the company’s stock.

BPI stock opened at $6.39 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $173.65 million, a price-to-earnings ratio of 10.65, a P/E/G ratio of 2.37 and a beta of 2.16. Bridgepoint Education Inc has a twelve month low of $5.31 and a twelve month high of $13.63.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.11). The company had revenue of $94.71 million during the quarter, compared to the consensus estimate of $102.20 million. Bridgepoint Education had a net margin of 2.32% and a return on equity of 12.26%. On average, research analysts predict that Bridgepoint Education Inc will post 0.27 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on BPI shares. Barrington Research reiterated a “buy” rating on shares of Bridgepoint Education in a report on Tuesday, January 8th. Zacks Investment Research upgraded Bridgepoint Education from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Thursday, February 14th. Finally, ValuEngine upgraded Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

In other Bridgepoint Education news, Director Robert D. Hartman sold 5,925 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $10.37, for a total value of $61,442.25. Following the completion of the transaction, the director now directly owns 66,871 shares in the company, valued at $693,452.27. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.90% of the stock is owned by company insiders.

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Bridgepoint Education Company Profile

Bridgepoint Education, Inc, together with its subsidiaries, provides postsecondary education services in the United States. Its academic institutions, Ashford University and University of the Rockies, offer associate's, bachelor's, master's, and doctoral degree programs in the disciplines of business, education, psychology, social sciences, and health sciences.

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

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