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Stock Market & Financial Investment News

News Breaks
May 19, 2014
06:51 EDTBPIBridgepoint Education recent pullback brings opportunity, says William Blair
William Blair views the recent pullback in shares of Bridgepoint Education as a buying opportunity. The firm believes the stock is pricing in enrollment concerns and that evidence of a sustained turnaround will provide upside to shares in the coming quarters. It keeps an Outperform rating on the name.
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August 14, 2015
07:19 EDTBPIBridgepoint Education says received civil investigative demands from CFPB
Bridgepoint Education said in a regulatory filing that on August 10, the company and Ashford University received from the Consumer Financial Protection Bureau Civil Investigative Demands related to the CFPB's investigation to determine whether for-profit post-secondary-education companies or other unnamed persons have engaged in or are engaging in unlawful acts or practices related to the advertising, marketing or origination of private student loans. At June 30, the company had $9.1M of net outstanding loans made from its institutions to their students. The company and Ashford University expect to provide documents, testimony and other information to the CFPB, and cannot predict the eventual scope, duration or outcome of the investigation at this time.

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