Bridgepoint Education (BPI) Downgraded by ValuEngine to Strong Sell

ValuEngine cut shares of Bridgepoint Education (NYSE:BPI) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Several other brokerages have also recently commented on BPI. Zacks Investment Research cut shares of Bridgepoint Education from a buy rating to a hold rating in a research note on Thursday, February 21st. TheStreet cut shares of Bridgepoint Education from a b- rating to a c+ rating in a research note on Tuesday, November 27th. Finally, Barrington Research set a $15.00 price objective on shares of Bridgepoint Education and gave the company a buy rating in a research note on Saturday, December 15th.

Shares of NYSE BPI opened at $6.52 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. Bridgepoint Education has a 12 month low of $5.31 and a 12 month high of $13.63. The company has a market cap of $170.11 million, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 2.32 and a beta of 2.22.

Bridgepoint Education (NYSE:BPI) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.11). Bridgepoint Education had a net margin of 2.32% and a return on equity of 12.26%. The business had revenue of $94.71 million for the quarter, compared to analyst estimates of $102.20 million. As a group, equities research analysts forecast that Bridgepoint Education will post 0.27 earnings per share for the current year.

In related news, Director Robert D. Hartman sold 5,925 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were 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 approximately $693,452.27. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 31.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nantahala Capital Management LLC lifted its stake in shares of Bridgepoint Education by 21.6% in the 4th quarter. Nantahala Capital Management LLC now owns 2,348,865 shares of the company’s stock valued at $16,466,000 after purchasing an additional 416,731 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Bridgepoint Education by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,246,419 shares of the company’s stock valued at $15,747,000 after purchasing an additional 12,020 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Bridgepoint Education by 36.2% in the 3rd quarter. Renaissance Technologies LLC now owns 1,490,957 shares of the company’s stock valued at $15,148,000 after purchasing an additional 396,399 shares during the period. Vanguard Group Inc. lifted its stake in shares of Bridgepoint Education by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,216,242 shares of the company’s stock valued at $12,357,000 after purchasing an additional 13,355 shares during the period. Finally, Vanguard Group Inc lifted its stake in shares of Bridgepoint Education by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 1,216,242 shares of the company’s stock valued at $12,357,000 after purchasing an additional 13,355 shares during the period. Hedge funds and other institutional investors own 80.89% of the company’s stock.

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.

Further Reading: Return on Equity (ROE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Bridgepoint Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgepoint Education and related companies with MarketBeat.com's FREE daily email newsletter.