Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Free Report) CFO Katherine Elsnab sold 3,078 shares of Bridge Investment Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $25,516.62. Following the completion of the sale, the chief financial officer now directly owns 303,937 shares of the company’s stock, valued at approximately $2,519,637.73. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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 stock was sold at an average price of $8.31, for a total value of $26,641.86.
Bridge Investment Group Price Performance
NYSE:BRDG opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Bridge Investment Group Holdings Inc. has a one year low of $6.18 and a one year high of $11.69. The company has a fifty day moving average price of $9.37 and a 200 day moving average price of $8.88. The stock has a market cap of $926.29 million, a P/E ratio of 191.30 and a beta of 1.57.
Bridge Investment Group Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s dividend payout ratio is presently 1,000.00%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its holdings in Bridge Investment Group by 288.0% in the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company’s stock valued at $14,901,000 after buying an additional 1,120,549 shares during the period. Jennison Associates LLC lifted its position in shares of Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock worth $33,271,000 after buying an additional 74,779 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Bridge Investment Group in the 3rd quarter valued at $638,000. Quest Partners LLC bought a new stake in shares of Bridge Investment Group in the 3rd quarter worth about $448,000. Finally, Geode Capital Management LLC increased its position in shares of Bridge Investment Group by 11.2% during the 3rd 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 in the last quarter. 52.83% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BRDG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday. TD Cowen dropped their price target 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 upped their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.00 to $11.00 in a report on Friday, November 8th. Finally, Wells Fargo & Company upped their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.70.
Check Out Our Latest Analysis on Bridge Investment Group
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.
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