Fmr LLC Has $14.90 Million Stock Holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

FMR LLC grew its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 288.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,509,690 shares of the company's stock after purchasing an additional 1,120,549 shares during the quarter. FMR LLC owned about 1.25% of Bridge Investment Group worth $14,901,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BRDG. Quarry LP raised its position in shares of Bridge Investment Group by 22.5% during the second quarter. Quarry LP now owns 8,350 shares of the company's stock worth $62,000 after acquiring an additional 1,535 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Bridge Investment Group by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company's stock worth $411,000 after purchasing an additional 1,735 shares during the last quarter. Quest Partners LLC acquired a new position in Bridge Investment Group during the 3rd quarter valued at about $448,000. Marshall Wace LLP lifted its position in Bridge Investment Group by 22.0% during the 2nd quarter. Marshall Wace LLP now owns 114,769 shares of the company's stock valued at $852,000 after purchasing an additional 20,726 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in shares of Bridge Investment Group by 21.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 171,620 shares of the company's stock valued at $1,273,000 after purchasing an additional 30,620 shares during the last quarter. Institutional investors own 52.83% of the company's stock.

Bridge Investment Group Stock Up 1.9 %

BRDG traded up $0.18 during trading on Wednesday, hitting $9.53. The company had a trading volume of 419,706 shares, compared to its average volume of 237,315. The firm's 50-day moving average price is $10.14 and its 200 day moving average price is $8.74. The company has a market capitalization of $1.15 billion, a PE ratio of 234.00 and a beta of 1.54. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. Bridge Investment Group Holdings Inc. has a one year low of $6.18 and a one year high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $85.00 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. During the same period in the prior year, the company earned $0.22 earnings per share. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.10 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.20%. Bridge Investment Group's payout ratio is 1,000.00%.

Analysts Set New Price Targets

BRDG has been the topic of several analyst reports. Morgan Stanley lowered shares of Bridge Investment Group from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $14.00 to $11.00 in a report on Friday, November 8th. TD Cowen reduced their price target 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. Wells Fargo & Company upped their price objective on Bridge Investment Group from $11.00 to $11.50 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, UBS Group raised their target price on Bridge Investment Group from $7.00 to $11.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. 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 MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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.