Press coverage about Bridgepoint Education (NYSE:BPI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bridgepoint Education earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.2137369728659 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
BPI has been the subject of a number of recent research reports. Piper Jaffray Companies restated a “hold” rating and set a $13.00 price objective on shares of Bridgepoint Education in a research note on Friday, October 27th. ValuEngine cut Bridgepoint Education from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut Bridgepoint Education from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th.
Bridgepoint Education (NYSE BPI) traded down $0.08 during trading hours on Friday, hitting $9.01. The stock had a trading volume of 175,644 shares, compared to its average volume of 500,176. Bridgepoint Education has a 12 month low of $8.18 and a 12 month high of $15.85. The company has a market capitalization of $265.77, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.49 and a beta of 2.17.
Bridgepoint Education (NYSE:BPI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Bridgepoint Education had a return on equity of 12.78% and a net margin of 0.49%. The company had revenue of $119.40 million during the quarter, compared to analysts’ expectations of $121.95 million. During the same quarter in the prior year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was down 12.6% compared to the same quarter last year. research analysts expect that Bridgepoint Education will post 0.61 earnings per share for the current fiscal year.
Bridgepoint Education declared that its board has initiated a stock buyback program on Friday, November 17th that allows the company to repurchase 2,100,000 shares. This repurchase authorization allows the company to buy shares of its stock through a private placement purchase. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In related news, CEO Andrew S. Clark sold 54,075 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $9.10, for a total transaction of $492,082.50. Following the completion of the transaction, the chief executive officer now owns 146,806 shares of the company’s stock, valued at $1,335,934.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pincus Private Equity Warburg sold 7,562,890 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $7.90, for a total value of $59,746,831.00. The disclosure for this sale can be found here. Corporate insiders own 41.50% of the company’s stock.
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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.
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