40,034 Shares in Bridgepoint Education, Inc. (BPI) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. purchased a new stake in Bridgepoint Education, Inc. (NYSE:BPI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,034 shares of the company’s stock, valued at approximately $601,000. Marshall Wace North America L.P. owned 0.14% of Bridgepoint Education at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BPI. UBS Asset Management Americas Inc. acquired a new position in Bridgepoint Education in the 4th quarter valued at $118,000. Teachers Advisors LLC raised its holdings in Bridgepoint Education by 80.3% in the 4th quarter. Teachers Advisors LLC now owns 65,183 shares of the company’s stock valued at $660,000 after acquiring an additional 29,029 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Bridgepoint Education by 38.7% in the 1st quarter. Nationwide Fund Advisors now owns 43,891 shares of the company’s stock valued at $468,000 after acquiring an additional 12,251 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Bridgepoint Education in the 1st quarter valued at $386,000. Finally, Bank of New York Mellon Corp raised its holdings in Bridgepoint Education by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 86,258 shares of the company’s stock valued at $921,000 after acquiring an additional 3,292 shares in the last quarter. Institutional investors and hedge funds own 92.80% of the company’s stock.

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Several equities analysts have weighed in on BPI shares. Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Bridgepoint Education in a report on Friday, July 21st. ValuEngine raised Bridgepoint Education from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, BidaskClub cut Bridgepoint Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Bridgepoint Education currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Bridgepoint Education, Inc. (NYSE:BPI) opened at 8.81 on Wednesday. The firm has a 50-day moving average price of $9.53 and a 200 day moving average price of $11.83. Bridgepoint Education, Inc. has a one year low of $6.34 and a one year high of $15.85. The firm’s market capitalization is $256.27 million.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The business had revenue of $124.58 million for the quarter, compared to the consensus estimate of $127.00 million. Bridgepoint Education had a negative net margin of 1.39% and a positive return on equity of 9.16%. Bridgepoint Education’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS. Analysts anticipate that Bridgepoint Education, Inc. will post $0.64 EPS for the current fiscal year.

In related news, Director Pincus Private Equity Warburg sold 2,075,395 shares of Bridgepoint Education stock in a transaction on Friday, August 18th. The stock was sold at an average price of $9.00, for a total transaction of $18,678,555.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Clark sold 54,075 shares of Bridgepoint Education stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $8.83, for a total value of $477,482.25. Following the sale, the chief executive officer now directly owns 146,806 shares of the company’s stock, valued at approximately $1,296,296.98. The disclosure for this sale can be found here. 41.50% of the stock is currently owned by company insiders.

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.

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

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