Mangrove Partners buys $15,574,118 stake in Bridgepoint Education Inc (BPI)

Bridgepoint Education Inc (BPI) : Mangrove Partners scooped up 380,434 additional shares in Bridgepoint Education Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 2,068,276 shares of Bridgepoint Education Inc which is valued at $15,574,118.Bridgepoint Education Inc makes up approximately 3.86% of Mangrove Partners’s portfolio.

Other Hedge Funds, Including , Springbok Capital Management reduced its stake in BPI by selling 4,420 shares or 20.93% in the most recent quarter. The Hedge Fund company now holds 16,700 shares of BPI which is valued at $125,751. Bridgepoint Education Inc makes up approx 0.02% of Springbok Capital Management’s portfolio.Parametric Portfolio Associates reduced its stake in BPI by selling 9,264 shares or 7.52% in the most recent quarter. The Hedge Fund company now holds 113,981 shares of BPI which is valued at $858,277.Norges Bank reduced its stake in BPI by selling 67,700 shares or 42.58% in the most recent quarter. The Hedge Fund company now holds 91,294 shares of BPI which is valued at $687,444.Teachers Advisors Inc boosted its stake in BPI in the latest quarter, The investment management firm added 1,824 additional shares and now holds a total of 26,374 shares of Bridgepoint Education Inc which is valued at $198,596.Blackrock Advisors boosted its stake in BPI in the latest quarter, The investment management firm added 123 additional shares and now holds a total of 7,790 shares of Bridgepoint Education Inc which is valued at $58,659.

Bridgepoint Education Inc opened for trading at $7.23 and hit $7.35 on the upside on Thursday, eventually ending the session at $7.34, with a gain of 1.24% or 0.09 points. The heightened volatility saw the trading volume jump to 69,452 shares. Company has a market cap of $340 M.

On the company’s financial health, Bridgepoint Education Inc reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.11. The company had revenue of $137.97 million for the quarter, compared to analysts expectations of $141.50 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.01 EPS.

Bridgepoint Education Inc. (Bridgepoint) is a provider of postsecondary education services. The Company’s academic institutions include Ashford University and University of the Rockies are academic institutions that offer associate’s bachelor’s master’s and doctoral programs online as well as at the traditional campuses located in Iowa and Colorado respectively. Bridgepoint’s institutions conduct ongoing faculty and student assessment processes and provide a range of student services. The Company is also focused on developing new technologies through Waypoint Outcomes and Constellation and is in the development of its institutions mobile learning platforms. As of December 31 2014 the Company had 55823 total students enrolled in its institutions. As of December 31 2014 the Company’s institutions offered approximately 1580 courses 80 degree programs and 150 specializations. As of December 31 2014 the Company had more than 150 Constellation titles available.

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