Bridge Investment Group (NYSE:BRDG) Sees Unusually-High Trading Volume - Should You Buy?

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) shares saw strong trading volume on Wednesday . 540,655 shares changed hands during mid-day trading, an increase of 126% from the previous session's volume of 239,347 shares.The stock last traded at $9.70 and had previously closed at $9.71.

Analyst Ratings Changes

Several research analysts have recently issued reports on BRDG shares. TD Cowen reduced their price objective on Bridge Investment Group from $10.50 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, November 12th. Wells Fargo & Company lowered shares of Bridge Investment Group from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $10.00 to $11.50 in a research report on Thursday, February 27th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Finally, UBS Group raised their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.90.

Bridge Investment Group Stock Performance

The company has a market capitalization of $1.13 billion, a PE ratio of 232.56 and a beta of 1.47. The firm has a 50-day moving average of $8.33 and a two-hundred day moving average of $9.09. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86.

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Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $81.96 million during the quarter, compared to analyst estimates of $82.02 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. Research analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.11 per share. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. The ex-dividend date is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.73%. Bridge Investment Group's dividend payout ratio (DPR) is 488.89%.

Insider Activity at Bridge Investment Group

In related news, Chairman Robert Randolph Morse sold 45,343 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $375,893.47. Following the transaction, the chairman now directly owns 3,249,076 shares of the company's stock, valued at approximately $26,934,840.04. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Dean Allara sold 10,877 shares of Bridge Investment Group stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $8.31, for a total value of $90,387.87. Following the completion of the sale, the insider now owns 662,473 shares in the company, valued at approximately $5,505,150.63. The trade was a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 145,187 shares of company stock valued at $1,204,966. 65.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRDG. FMR LLC raised its position in shares of Bridge Investment Group by 288.0% in the third 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 during the last quarter. Royce & Associates LP raised its holdings in Bridge Investment Group by 29.3% in the 4th quarter. Royce & Associates LP now owns 999,626 shares of the company's stock valued at $8,397,000 after acquiring an additional 226,396 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Bridge Investment Group by 322.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,196 shares of the company's stock valued at $2,354,000 after acquiring an additional 213,857 shares during the last quarter. Vanguard Group Inc. lifted its stake in Bridge Investment Group by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock worth $29,242,000 after purchasing an additional 208,022 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Bridge Investment Group by 17.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock worth $8,098,000 after purchasing an additional 141,178 shares during the last quarter. Hedge funds and other institutional investors own 52.83% of the company's stock.

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.