Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells $57,629.85 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) COO Adam O'farrell sold 6,935 shares of Bridge Investment Group stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $8.31, for a total value of $57,629.85. Following the transaction, the chief operating officer now owns 538,038 shares of the company's stock, valued at $4,471,095.78. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Adam O'farrell also recently made the following trade(s):

• On Thursday, January 2nd, Adam O'farrell sold 6,655 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.29, for a total value of $55,169.95.

Bridge Investment Group Price Performance

Bridge Investment Group stock traded up $0.02 during midday trading on Monday, reaching $8.27. The company had a trading volume of 519,523 shares, compared to its average volume of 313,608. 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 12-month low of $6.18 and a 12-month high of $11.69. The company has a market capitalization of $1.00 billion, a P/E ratio of 206.80 and a beta of 1.57. The firm's fifty day simple moving average is $9.49 and its 200-day simple moving average is $8.89.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued 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 firm had revenue of $101.51 million for the quarter, compared to analysts' expectations of $85.00 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. As a group, equities analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a yield of 4.84%. Bridge Investment Group's payout ratio is presently 1,000.00%.

Institutional Trading of Bridge Investment Group

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

Wall Street Analysts Forecast Growth

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

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