Russell Sakamoto Sells 4,224 Shares of Bridgepoint Education Inc (BPI) Stock

Bridgepoint Education Inc (NYSE:BPI) CAO Russell Sakamoto sold 4,224 shares of Bridgepoint Education stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $15.10, for a total transaction of $63,782.40. Following the completion of the transaction, the chief accounting officer now directly owns 4,865 shares in the company, valued at $73,461.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Russell Sakamoto also recently made the following trade(s):

  • On Wednesday, May 10th, Russell Sakamoto sold 5,796 shares of Bridgepoint Education stock. The shares were sold at an average price of $14.89, for a total transaction of $86,302.44.

Shares of Bridgepoint Education Inc (NYSE:BPI) remained flat at $13.83 on Friday. 133,503 shares of the company were exchanged. The stock has a 50-day moving average price of $12.63 and a 200 day moving average price of $10.63. Bridgepoint Education Inc has a 12 month low of $5.38 and a 12 month high of $15.85. The firm’s market cap is $398.12 million.

Bridgepoint Education (NYSE:BPI) last posted its earnings results on Tuesday, May 2nd. The company reported $0.23 earnings per share for the quarter. The business had revenue of $129.49 million for the quarter, compared to analyst estimates of $125 million. Bridgepoint Education had a negative net margin of 4.26% and a positive return on equity of 3.69%. Equities analysts anticipate that Bridgepoint Education Inc will post $0.66 EPS for the current fiscal year.

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Separately, Zacks Investment Research raised shares of Bridgepoint Education from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, May 2nd.

A number of hedge funds have recently bought and sold shares of the company. Boothbay Fund Management LLC raised its stake in Bridgepoint Education by 2.8% in the fourth quarter. Boothbay Fund Management LLC now owns 11,149 shares of the company’s stock worth $113,000 after buying an additional 299 shares during the period. American International Group Inc. raised its stake in Bridgepoint Education by 7.1% in the first quarter. American International Group Inc. now owns 10,991 shares of the company’s stock worth $117,000 after buying an additional 728 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Bridgepoint Education during the fourth quarter worth $118,000. Valley National Advisers Inc. raised its stake in Bridgepoint Education by 45.1% in the first quarter. Valley National Advisers Inc. now owns 11,060 shares of the company’s stock worth $118,000 after buying an additional 3,440 shares during the period. Finally, Brandes Investment Partners LP raised its stake in Bridgepoint Education by 14.6% in the first quarter. Brandes Investment Partners LP now owns 12,891 shares of the company’s stock worth $138,000 after buying an additional 1,646 shares during the period. 95.68% of the stock is currently owned by institutional investors and hedge funds.

About Bridgepoint Education

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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