Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Sells $25,516.62 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,078 shares of Bridge Investment Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $25,516.62. Following the transaction, the chief financial officer now directly owns 303,937 shares in the company, valued at approximately $2,519,637.73. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Katherine Elsnab also recently made the following trade(s):

• On Monday, January 6th, Katherine Elsnab sold 3,206 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.31, for a total transaction of $26,641.86.

Bridge Investment Group Stock Performance

Shares of Bridge Investment Group stock opened at $7.65 on Thursday. Bridge Investment Group Holdings Inc. has a 12 month low of $6.18 and a 12 month high of $11.69. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The stock has a market cap of $926.29 million, a PE ratio of 191.30 and a beta of 1.57. The business has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $8.88.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $101.51 million for the quarter, compared to analyst estimates of $85.00 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. During the same quarter in the previous year, the business posted $0.22 earnings per share. On average, sell-side analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.40 annualized dividend and a yield of 5.23%. Bridge Investment Group’s dividend payout ratio is presently 1,000.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.00 price objective (down previously from $12.00) on shares of Bridge Investment Group in a research report on Tuesday. Morgan Stanley cut Bridge Investment Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $14.00 to $11.00 in a report on Friday, November 8th. TD Cowen reduced their target price on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Finally, UBS Group lifted their price target on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Bridge Investment Group presently has an average rating of “Hold” and an average target price of $10.70.

Institutional Investors Weigh In On Bridge Investment Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRDG. Franklin Resources Inc. grew its holdings in shares of Bridge Investment Group by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,286,847 shares of the company’s stock valued at $13,383,000 after acquiring an additional 14,235 shares in the last quarter. Geode Capital Management LLC boosted its position in Bridge Investment Group by 11.2% during the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock valued at $4,026,000 after purchasing an additional 40,975 shares during the last quarter. XTX Topco Ltd purchased a new position in Bridge Investment Group in the third quarter valued at about $127,000. Jane Street Group LLC acquired a new position in Bridge Investment Group in the 3rd quarter worth about $102,000. Finally, State Street Corp raised its stake in shares of Bridge Investment Group by 12.0% during the 3rd quarter. State Street Corp now owns 128,711 shares of the company’s stock worth $1,270,000 after purchasing an additional 13,800 shares in the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.