Trading Report: The Emerald Acquisition Ltd. Takes Position in Bridgepoint Education Inc. (BPI)

The Emerald Acquisition Ltd. Takes Position in Bridgepoint Education Inc. (BPI)

Emerald Acquisition Ltd. bought a new stake in shares of Bridgepoint Education Inc. (NYSE:BPI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 119,788 shares of the company’s stock, valued at approximately $867,000. Emerald Acquisition Ltd. owned approximately 0.26% of Bridgepoint Education as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Springbok Capital Management LLC increased its stake in shares of Bridgepoint Education by 28.0% in the first quarter. Springbok Capital Management LLC now owns 21,120 shares of the company’s stock valued at $213,000 after buying an additional 4,620 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Bridgepoint Education by 35.8% in the first quarter. Geode Capital Management LLC now owns 132,513 shares of the company’s stock valued at $1,335,000 after buying an additional 34,953 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Bridgepoint Education by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 117,903 shares of the company’s stock valued at $1,188,000 after buying an additional 16,245 shares during the last quarter. Menta Capital LLC increased its stake in shares of Bridgepoint Education by 15.5% in the first quarter. Menta Capital LLC now owns 34,749 shares of the company’s stock valued at $350,000 after buying an additional 4,662 shares during the last quarter. Finally, Nantahala Capital Management LLC increased its stake in shares of Bridgepoint Education by 1.7% in the first quarter. Nantahala Capital Management LLC now owns 2,201,945 shares of the company’s stock valued at $22,196,000 after buying an additional 37,102 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Bridgepoint Education Inc. (NYSE:BPI) traded up 1.04% during mid-day trading on Wednesday, hitting $6.82. The stock had a trading volume of 6,773 shares. The stock has a 50 day moving average of $7.07 and a 200-day moving average of $7.95. The firm’s market cap is $315.83 million. Bridgepoint Education Inc. has a 1-year low of $5.38 and a 1-year high of $10.93.

Bridgepoint Education (NYSE:BPI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Bridgepoint Education had a negative net margin of 14.03% and a positive return on equity of 4.24%. The company had revenue of $137.97 million for the quarter, compared to analysts’ expectations of $141.50 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. Bridgepoint Education’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts predict that Bridgepoint Education Inc. will post $0.22 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Bridgepoint Education from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th.

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, which offer associate’s, bachelor’s, master’s and doctoral programs online, as well as at the campuses located in Iowa and Colorado, respectively.

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