Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell Sells 3,770 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell sold 3,770 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $8.03, for a total transaction of $30,273.10. Following the transaction, the chief operating officer now directly owns 448,167 shares in the company, valued at approximately $3,598,781.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Adam O’farrell also recently made the following trade(s):

• On Monday, July 22nd, Adam O’farrell sold 3,748 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.26, for a total transaction of $30,958.48.

Bridge Investment Group Trading Down 3.0 %

NYSE:BRDG traded down $0.24 during trading hours on Wednesday, reaching $7.82. 246,002 shares of the company were exchanged, compared to its average volume of 252,696. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $946.14 million, a price-to-earnings ratio of -32.58 and a beta of 1.62. Bridge Investment Group Holdings Inc. has a 52-week low of $6.18 and a 52-week high of $12.65. The stock has a 50 day simple moving average of $7.63 and a 200 day simple moving average of $7.71.

Bridge Investment Group (NYSE:BRDG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Bridge Investment Group had a net margin of 0.25% and a return on equity of 10.23%. The company had revenue of $79.35 million for the quarter, compared to the consensus estimate of $76.31 million. As a group, analysts predict that Bridge Investment Group Holdings Inc. will post 0.8 EPS for the current year.

Bridge Investment Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 6.14%. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.07. Bridge Investment Group’s dividend payout ratio is presently -199.99%.

Institutional Investors Weigh In On Bridge Investment Group

A number of large investors have recently added to or reduced their stakes in the company. Albion Financial Group UT acquired a new stake in Bridge Investment Group during the 2nd quarter valued at $37,000. 1832 Asset Management L.P. acquired a new stake in Bridge Investment Group during the 1st quarter valued at $966,000. Thornburg Investment Management Inc. grew its holdings in Bridge Investment Group by 181.2% during the 1st quarter. Thornburg Investment Management Inc. now owns 783,353 shares of the company’s stock valued at $5,358,000 after purchasing an additional 504,812 shares in the last quarter. Lord Abbett & CO. LLC grew its holdings in Bridge Investment Group by 0.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 860,963 shares of the company’s stock valued at $5,898,000 after purchasing an additional 6,851 shares in the last quarter. Finally, HBK Sorce Advisory LLC grew its holdings in Bridge Investment Group by 23.4% during the 1st quarter. HBK Sorce Advisory LLC now owns 21,296 shares of the company’s stock valued at $146,000 after purchasing an additional 4,035 shares in the last quarter. 52.83% of the stock is owned by institutional investors and hedge funds.

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.