Bridgepoint Group (LON:BPT) Shares Up 3%

Posted by Defense World Staff on Apr 8th, 2023

Bridgepoint Group plc (LON:BPT – Get Rating) shot up 3% during mid-day trading on Friday . The stock traded as high as GBX 225.60 ($2.80) and last traded at GBX 222.60 ($2.76). 814,391 shares were traded during trading, a decline of 2% from the average session volume of 830,647 shares. The stock had previously closed at GBX 216.20 ($2.69).

Analyst Ratings Changes

Several research firms recently issued reports on BPT. Numis Securities reaffirmed an “add” rating and set a GBX 245 ($3.04) price objective on shares of Bridgepoint Group in a report on Thursday, March 16th. Jefferies Financial Group began coverage on shares of Bridgepoint Group in a report on Tuesday, February 21st. They set a “buy” rating and a GBX 300 ($3.73) price objective for the company.

Bridgepoint Group Stock Up 3.0 %

The firm has a market cap of £1.82 billion and a price-to-earnings ratio of 1,484.00. The company has a debt-to-equity ratio of 14.40, a quick ratio of 3.60 and a current ratio of 4.84. The business’s 50-day moving average is GBX 232.09 and its 200-day moving average is GBX 215.50.

Bridgepoint Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 23rd. Investors of record on Thursday, April 27th will be given a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.95%. The ex-dividend date is Thursday, April 27th. Bridgepoint Group’s dividend payout ratio (DPR) is currently 5,333.33%.

Insider Buying and Selling

In related news, insider Cyrus Taraporevala acquired 8,517 shares of the stock in a transaction on Thursday, March 16th. The stock was purchased at an average price of GBX 211 ($2.62) per share, for a total transaction of £17,970.87 ($22,318.52). 28.80% of the stock is currently owned by corporate insiders.

Bridgepoint Group Company Profile

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Bridgepoint Group plc operates as a private equity and credit fund manager in Europe, the United States, and China. The company invests in the middle market private assets. It specialises and invests in private equity and credit internationally across six principal sectors, including business services, consumer, financial services, healthcare, advanced industrials, and technology.