How Bridgepoint Education Inc (BPI) Stacks Up Against Its Peers

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As industrywide interest jumped, key money managers have jumped into Bridgepoint Education Inc (NYSE:BPI) headfirst. Akanthos Capital, led by Michael Kao, assembled the most valuable position in Bridgepoint Education Inc (NYSE:BPI). Akanthos Capital had $1.5 million invested in the company at the end of the quarter. Brian Gaines’s Springhouse Capital Management also made a $0.3 million investment in the stock during the quarter. The only other fund with a brand new BPI position is Matthew Hulsizer’s PEAK6 Capital Management.

Let’s now review hedge fund activity in other stocks similar to Bridgepoint Education Inc (NYSE:BPI). These stocks are Natural Health Trends Corp. (NASDAQ:NHTC), Tuniu Corp (NASDAQ:TOUR), Siliconware Precision Industries (ADR) (NASDAQ:SPIL), and Avid Technology, Inc. (NASDAQ:AVID). This group of stocks’ market caps resemble BPI’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
NHTC 10 39773 0
TOUR 7 12923 3
SPIL 6 16403 1
AVID 17 93598 7

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $41 million. That figure was $43 million in BPI’s case. Avid Technology, Inc. (NASDAQ:AVID) is the most popular stock in this table. On the other hand Siliconware Precision Industries (ADR) (NASDAQ:SPIL) is the least popular one with only 6 bullish hedge fund positions. Bridgepoint Education Inc (NYSE:BPI) is not the most popular stock in this group but hedge fund interest is still above average. We are also intrigued by the investments made by two of the best performing hedge funds. That’s why we think it is a good idea to research BPI and potentially include in your portfolio.

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