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

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 225,657 shares were traded during mid-day trading, a decline of 10% from the previous session's volume of 250,267 shares.The stock last traded at $8.75 and had previously closed at $9.90.

Analyst Ratings Changes

BRDG has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $10.00 target price (down from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. UBS Group upped their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on shares of Bridge Investment Group from $11.50 to $11.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.80.

Bridge Investment Group Stock Performance

The company has a market capitalization of $970.94 million, a PE ratio of 194.05 and a beta of 1.46. The stock's 50-day simple moving average is $9.02 and its 200 day simple moving average is $9.26. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The company had revenue of $81.96 million during the quarter, compared to the consensus estimate of $82.02 million. As a group, research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 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, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 5.61%. This is a boost from Bridge Investment Group's previous quarterly dividend of $0.10. Bridge Investment Group's dividend payout ratio (DPR) is presently 488.89%.

Institutional Investors Weigh In On Bridge Investment Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. DigitalBridge Group Inc. lifted its stake in Bridge Investment Group by 24.4% in the fourth quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company's stock valued at $4,267,000 after buying an additional 99,520 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Bridge Investment Group during the 4th quarter worth $89,000. Northern Trust Corp grew its position in Bridge Investment Group by 19.2% during the 4th quarter. Northern Trust Corp now owns 89,937 shares of the company's stock worth $755,000 after purchasing an additional 14,481 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Bridge Investment Group in the fourth quarter valued at $95,000. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Bridge Investment Group by 17.2% in the fourth quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock valued at $8,098,000 after buying an additional 141,178 shares during the last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

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.