Dimensional Fund Advisors LP Purchases 109,658 Shares of Bridgepoint Education Inc (BPI)

Dimensional Fund Advisors LP raised its stake in shares of Bridgepoint Education Inc (NYSE:BPI) by 5.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,234,399 shares of the company’s stock after acquiring an additional 109,658 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Bridgepoint Education worth $22,701,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Bridgepoint Education during the third quarter valued at about $197,000. First Trust Advisors LP raised its holdings in Bridgepoint Education by 18.8% during the second quarter. First Trust Advisors LP now owns 31,000 shares of the company’s stock valued at $202,000 after buying an additional 4,914 shares in the last quarter. Trexquant Investment LP raised its holdings in Bridgepoint Education by 108.5% during the third quarter. Trexquant Investment LP now owns 25,648 shares of the company’s stock valued at $261,000 after buying an additional 13,344 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Bridgepoint Education by 36.5% during the third quarter. Bank of New York Mellon Corp now owns 27,066 shares of the company’s stock valued at $275,000 after buying an additional 7,232 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Bridgepoint Education by 143.0% during the second quarter. Bank of America Corp DE now owns 49,136 shares of the company’s stock valued at $321,000 after buying an additional 28,918 shares in the last quarter. Institutional investors own 82.26% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Bridgepoint Education from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 25th. ValuEngine lowered Bridgepoint Education from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. TheStreet lowered Bridgepoint Education from a “b-” rating to a “c+” rating in a report on Tuesday, November 27th. Finally, Barrington Research set a $15.00 target price on Bridgepoint Education and gave the company a “buy” rating in a report on Saturday, December 15th.

NYSE BPI opened at $7.68 on Friday. Bridgepoint Education Inc has a fifty-two week low of $5.31 and a fifty-two week high of $13.63. The stock has a market cap of $211.71 million, a price-to-earnings ratio of 13.02, a P/E/G ratio of 1.27 and a beta of 2.10.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.07. The company had revenue of $114.86 million for the quarter, compared to the consensus estimate of $117.25 million. Bridgepoint Education had a return on equity of 13.35% and a net margin of 3.96%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. On average, equities research analysts anticipate that Bridgepoint Education Inc will post 0.71 EPS for the current year.

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Bridgepoint Education 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.

Further Reading: Reverse Stock Split

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

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