Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Sells $25,516.62 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,078 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $25,516.62. Following the sale, the chief financial officer now 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $26,641.86.

Bridge Investment Group Stock Performance

BRDG stock traded up $0.02 during trading on Monday, hitting $8.27. The company had a trading volume of 519,523 shares, compared to its average volume of 313,608. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $11.69. The firm has a 50-day moving average price of $9.49 and a 200-day moving average price of $8.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.00 billion, a PE ratio of 206.80 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03). Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The company had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $85.00 million. During the same quarter last year, the company earned $0.22 EPS. On average, analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Bridge Investment Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s payout ratio is 1,000.00%.

Analyst Ratings Changes

A number of research firms recently commented on BRDG. Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $14.00 to $11.00 in a research report on Friday, November 8th. TD Cowen cut their target price on 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 boosted their target price on Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Bridge Investment Group by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,286,847 shares of the company’s stock worth $13,383,000 after buying an additional 14,235 shares in the last quarter. Geode Capital Management LLC raised its position in 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 acquiring an additional 40,975 shares in the last quarter. XTX Topco Ltd acquired a new stake in Bridge Investment Group in the third quarter valued at $127,000. Jane Street Group LLC purchased a new stake in shares of Bridge Investment Group during the 3rd quarter worth $102,000. Finally, State Street Corp grew its stake in shares of Bridge Investment Group by 12.0% during the 3rd quarter. State Street Corp now owns 128,711 shares of the company’s stock worth $1,270,000 after purchasing an additional 13,800 shares during the period. 52.83% of the stock is owned by hedge funds and other institutional investors.

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.