Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock Position Raised by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. boosted its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG) by 181.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 783,353 shares of the company’s stock after acquiring an additional 504,812 shares during the period. Thornburg Investment Management Inc. owned about 0.65% of Bridge Investment Group worth $5,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates increased its position in Bridge Investment Group by 13.1% in the fourth quarter. Raymond James & Associates now owns 15,259 shares of the company’s stock worth $149,000 after buying an additional 1,772 shares during the period. Quarry LP bought a new position in shares of Bridge Investment Group during the fourth quarter worth about $37,000. HBK Sorce Advisory LLC increased its holdings in shares of Bridge Investment Group by 23.4% in the 1st quarter. HBK Sorce Advisory LLC now owns 21,296 shares of the company’s stock worth $146,000 after acquiring an additional 4,035 shares during the period. Lord Abbett & CO. LLC lifted its position in Bridge Investment Group by 0.8% in 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 during the last quarter. Finally, Jump Financial LLC boosted its stake in Bridge Investment Group by 142.7% during the 4th quarter. Jump Financial LLC now owns 31,800 shares of the company’s stock valued at $311,000 after purchasing an additional 18,700 shares during the period. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Bridge Investment Group Stock Performance

Shares of NYSE:BRDG traded down $0.24 during trading hours on Wednesday, hitting $7.82. The stock had a trading volume of 246,002 shares, compared to its average volume of 252,696. The stock’s fifty day simple moving average is $7.63 and its 200 day simple moving average is $7.71. The firm has a market capitalization of $946.14 million, a price-to-earnings ratio of -32.58 and a beta of 1.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 1.17. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $12.65.

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

Bridge Investment Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.12 per share. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.07. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date was Friday, May 31st. Bridge Investment Group’s payout ratio is currently -199.99%.

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.