Ibex Investors LLC Invests $206,000 in Bridgepoint Education Inc (BPI) Stock

Ibex Investors LLC purchased a new stake in Bridgepoint Education Inc (NYSE:BPI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,312 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently bought and sold shares of the business. Engineers Gate Manager LP raised its position in Bridgepoint Education by 22.9% in the 2nd quarter. Engineers Gate Manager LP now owns 23,924 shares of the company’s stock valued at $156,000 after purchasing an additional 4,455 shares in the last quarter. First Trust Advisors LP raised its position in Bridgepoint Education by 18.8% in the 2nd quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after purchasing an additional 4,914 shares in the last quarter. Bank of New York Mellon Corp raised its position in Bridgepoint Education by 36.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock valued at $275,000 after purchasing an additional 7,232 shares in the last quarter. Millennium Management LLC raised its position in Bridgepoint Education by 1.3% in the 2nd quarter. Millennium Management LLC now owns 609,077 shares of the company’s stock valued at $3,977,000 after purchasing an additional 7,855 shares in the last quarter. Finally, Trexquant Investment LP raised its position in Bridgepoint Education by 108.5% in the 3rd quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after purchasing an additional 13,344 shares in the last quarter. 82.26% of the stock is currently owned by institutional investors.

BPI stock opened at $7.80 on Friday. The stock has a market capitalization of $216.05 million, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.07 and a beta of 2.24. Bridgepoint Education Inc has a 1 year low of $5.31 and a 1 year high of $13.63.

Bridgepoint Education (NYSE:BPI) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. The company had revenue of $114.86 million for the quarter, compared to analyst estimates of $117.25 million. Bridgepoint Education had a return on equity of 13.35% and a net margin of 3.96%. Bridgepoint Education’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Equities research analysts expect that Bridgepoint Education Inc will post 0.75 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Bridgepoint Education from a “hold” rating to a “strong-buy” rating and set a $9.25 price target on the stock in a research report on Tuesday, November 13th. TheStreet raised Bridgepoint Education from a “c” rating to a “b-” rating in a research report on Friday, August 10th. Barrington Research reaffirmed a “buy” rating and issued a $15.00 price target on shares of Bridgepoint Education in a research report on Wednesday, September 12th. Finally, ValuEngine lowered Bridgepoint Education from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th.

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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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