Bridgepoint Group plc (LON:BPT – Get Free Report) fell 6.9% during trading on Friday . The stock traded as low as GBX 341 ($4.50) and last traded at GBX 356.60 ($4.71). 41,208,348 shares were traded during mid-day trading, an increase of 4,567% from the average session volume of 882,976 shares. The stock had previously closed at GBX 383.20 ($5.06).
Wall Street Analysts Forecast Growth
BPT has been the subject of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 310 ($4.10) target price on shares of Bridgepoint Group in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised Bridgepoint Group to an “overweight” rating and boosted their price objective for the stock from GBX 259 ($3.42) to GBX 358 ($4.73) in a report on Tuesday, August 13th.
Get Our Latest Research Report on Bridgepoint Group
Bridgepoint Group Trading Down 11.4 %
Bridgepoint Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, October 28th. Stockholders of record on Thursday, September 19th will be issued a dividend of GBX 4.60 ($0.06) per share. This represents a dividend yield of 1.67%. The ex-dividend date of this dividend is Thursday, September 19th. This is a boost from Bridgepoint Group’s previous dividend of $4.40. Bridgepoint Group’s payout ratio is 11,250.00%.
About Bridgepoint Group
Bridgepoint Group plc is private equity and private credit firm specializing in middle market, lower mid cap, small cap, growth capital and buyouts investment. It prefers to invest in advanced industrials, automation, agricultural sciences, energy transition enablers, business services, financial services, professional services, testing inspection and certification, information services, consumer, digital brands, video games, wellbeing products, health care, pharma and MedTech outsourced services, pharma products, and MedTech Products sectors.
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