Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Free Report) announced a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.13 per share on Friday, September 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Friday, August 30th. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.12.
Bridge Investment Group has a dividend payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bridge Investment Group to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 46.4%.
Bridge Investment Group Stock Up 0.2 %
Shares of BRDG opened at $8.22 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. Bridge Investment Group has a 12 month low of $6.18 and a 12 month high of $10.50. The firm’s 50 day moving average is $7.70 and its 200-day moving average is $7.38. The stock has a market capitalization of $994.50 million, a PE ratio of -34.25 and a beta of 1.63.
Insider Buying and Selling at Bridge Investment Group
In other news, CEO Jonathan Slager sold 6,371 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $8.26, for a total transaction of $52,624.46. Following the completion of the transaction, the chief executive officer now owns 786,373 shares of the company’s stock, valued at approximately $6,495,440.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Chairman Robert Randolph Morse sold 25,971 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $8.03, for a total transaction of $208,547.13. Following the sale, the chairman now directly owns 2,554,419 shares in the company, valued at $20,511,984.57. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jonathan Slager sold 6,371 shares of Bridge Investment Group stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $8.26, for a total transaction of $52,624.46. Following the sale, the chief executive officer now owns 786,373 shares in the company, valued at $6,495,440.98. The disclosure for this sale can be found here. Insiders sold a total of 84,366 shares of company stock worth $687,133 over the last three months. Corporate insiders own 65.90% of the company’s stock.
About Bridge Investment Group
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.
See Also
- Five stocks we like better than Bridge Investment Group
- What is the Nikkei 225 index?
- 3 Best Growth Stocks to Own for the Next 10 Years
- ETF Screener: Uses and Step-by-Step Guide
- Are Utility Stocks Running Out of Steam? What You Need to Know
- Energy and Oil Stocks Explained
- Snowflake’s Risk/Reward Profile Is Too Good To Miss
Receive News & Ratings for Bridge Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridge Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.