Bridge Investment Group Holdings Inc. (NYSE:BRDG) Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its position in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,402,475 shares of the company's stock after purchasing an additional 31,593 shares during the quarter. Jennison Associates LLC owned about 2.81% of Bridge Investment Group worth $28,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royce & Associates LP lifted its stake in shares of Bridge Investment Group by 1.2% in the 3rd quarter. Royce & Associates LP now owns 773,230 shares of the company's stock valued at $7,632,000 after acquiring an additional 8,909 shares during the last quarter. Jane Street Group LLC acquired a new stake in Bridge Investment Group in the third quarter valued at $102,000. Paloma Partners Management Co acquired a new stake in Bridge Investment Group during the 3rd quarter worth about $110,000. XTX Topco Ltd acquired a new stake in Bridge Investment Group during the 3rd quarter worth about $127,000. Finally, State Street Corp grew its holdings in 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 acquiring an additional 13,800 shares during the period. Institutional investors and hedge funds own 52.83% of the company's stock.

Bridge Investment Group Stock Performance

Bridge Investment Group stock traded down $0.11 during mid-day trading on Friday, reaching $7.77. 171,239 shares of the company traded hands, compared to its average volume of 140,784. The company has a market capitalization of $940.79 million, a price-to-earnings ratio of 194.30 and a beta of 1.55. Bridge Investment Group Holdings Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $11.69. The firm's fifty day moving average is $8.37 and its two-hundred day moving average is $8.90. 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 (NYSE:BRDG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03). The firm had revenue of $101.51 million for the quarter, compared to analysts' expectations 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 last year, the company posted $0.22 earnings per share. On average, equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BRDG has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. Morgan Stanley lowered shares of Bridge Investment Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $14.00 to $11.00 in a research note on Friday, November 8th. TD Cowen reduced their price target on shares of Bridge Investment Group from $10.50 to $10.00 and set a "hold" rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their price target on shares of Bridge Investment Group from $12.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Finally, UBS Group upped their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.40.

Insider Activity

In other news, Vice Chairman Dean Allara sold 10,438 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $86,531.02. Following the completion of the transaction, the insider now owns 683,606 shares of the company's stock, valued at approximately $5,667,093.74. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jonathan Slager sold 11,403 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $94,530.87. Following the completion of the transaction, the chief executive officer now directly owns 962,481 shares of the company's stock, valued at approximately $7,978,967.49. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,187 shares of company stock worth $1,204,966 over the last three months. Insiders own 65.90% of the company's stock.

Bridge Investment Group 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.