Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Robert Randolph Morse Sells 45,343 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Robert Randolph Morse sold 45,343 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $375,893.47. Following the transaction, the chairman now owns 3,249,076 shares of the company’s stock, valued at approximately $26,934,840.04. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Randolph Morse also recently made the following trade(s):

• On Monday, January 6th, Robert Randolph Morse sold 47,252 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.31, for a total value of $392,664.12.

Bridge Investment Group Trading Up 0.2 %

Shares of BRDG stock traded up $0.02 on Monday, hitting $8.27. 519,523 shares of the company’s stock traded hands, compared to its average volume of 313,608. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 206.80 and a beta of 1.57. The company’s fifty day simple moving average is $9.49 and its 200 day simple moving average is $8.89. Bridge Investment Group Holdings Inc. has a one year low of $6.18 and a one year high of $11.69.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The company had revenue of $101.51 million for the quarter, compared to the consensus estimate of $85.00 million. During the same period last year, the business posted $0.22 earnings per share. Equities analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current 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 given 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 4.84%. Bridge Investment Group’s payout ratio is currently 1,000.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jennison Associates LLC raised its holdings in Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock valued at $33,271,000 after buying an additional 74,779 shares during the last quarter. FMR LLC raised its stake in shares of Bridge Investment Group by 288.0% during the third quarter. FMR LLC now owns 1,509,690 shares of the company’s stock valued at $14,901,000 after acquiring an additional 1,120,549 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Bridge Investment Group by 1.1% during the third quarter. Franklin Resources Inc. now owns 1,286,847 shares of the company’s stock worth $13,383,000 after purchasing an additional 14,235 shares during the period. Royce & Associates LP grew its stake in shares of Bridge Investment Group by 1.2% in the third quarter. Royce & Associates LP now owns 773,230 shares of the company’s stock worth $7,632,000 after purchasing an additional 8,909 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Bridge Investment Group by 11.2% in the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock worth $4,026,000 after purchasing an additional 40,975 shares during the last quarter. Institutional investors own 52.83% of the company’s stock.

Wall Street Analysts Forecast Growth

BRDG has been the topic of several research analyst reports. TD Cowen decreased their price objective on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. UBS Group raised their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley lowered Bridge Investment Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.00 to $11.00 in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.00.

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.