Bridgepoint Education Inc (NYSE:BPI) – Stock analysts at Barrington Research dropped their Q2 2019 earnings estimates for Bridgepoint Education in a research note issued on Wednesday, March 13th. Barrington Research analyst A. Paris. Jr now expects that the company will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.37. Barrington Research currently has a “Buy” rating on the stock. Barrington Research also issued estimates for Bridgepoint Education’s Q3 2019 earnings at $0.13 EPS and FY2019 earnings at $0.32 EPS.
Bridgepoint Education (NYSE:BPI) last released 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). Bridgepoint Education had a return on equity of 11.78% and a net margin of 2.32%. The company had revenue of $94.71 million during the quarter, compared to analyst estimates of $102.20 million.
NYSE BPI opened at $6.73 on Friday. Bridgepoint Education has a fifty-two week low of $5.31 and a fifty-two week high of $13.63. The firm has a market capitalization of $190.00 million, a PE ratio of 14.32, a P/E/G ratio of 1.25 and a beta of 2.22.
In other Bridgepoint Education news, Director Robert D. Hartman sold 5,925 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $10.37, for a total transaction of $61,442.25. Following the completion of the sale, the director now owns 66,871 shares of the company’s stock, valued at $693,452.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.90% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of BPI. PEAK6 Investments LLC grew its position in Bridgepoint Education by 34.3% during the fourth quarter. PEAK6 Investments LLC now owns 13,428 shares of the company’s stock valued at $94,000 after acquiring an additional 3,428 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of Bridgepoint Education in the fourth quarter worth about $101,000. Russell Investments Group Ltd. purchased a new stake in shares of Bridgepoint Education in the third quarter worth about $197,000. Ibex Investors LLC purchased a new stake in shares of Bridgepoint Education in the third quarter worth about $206,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Bridgepoint Education in the fourth quarter worth about $227,000. 80.99% of the stock is owned by hedge funds and other institutional investors.
About Bridgepoint Education
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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