Katherine Elsnab Sells 3,078 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) CFO Katherine Elsnab sold 3,078 shares of the 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 $25,516.62. Following the completion of the sale, the chief financial officer now directly owns 303,937 shares of the company's stock, valued at approximately $2,519,637.73. This trade represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Katherine Elsnab also recently made the following trade(s):

• On Monday, January 6th, Katherine Elsnab sold 3,206 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.31, for a total value of $26,641.86.

Bridge Investment Group Trading Up 0.2 %

Bridge Investment Group stock traded up $0.02 during midday trading on Monday, reaching $8.27. 519,523 shares of the stock traded hands, compared to its average volume of 313,608. The firm has a market cap of $1.00 billion, a PE ratio of 206.80 and a beta of 1.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $9.49 and a two-hundred day simple moving average of $8.89. Bridge Investment Group Holdings Inc. has a 12-month low of $6.18 and a 12-month high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business 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 posted $0.22 EPS. Research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Cuts Dividend

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

Institutional Trading of Bridge Investment Group

Hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in Bridge Investment Group by 22.5% during the 2nd quarter. Quarry LP now owns 8,350 shares of the company's stock worth $62,000 after purchasing an additional 1,535 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Bridge Investment Group in the 3rd quarter valued at about $102,000. Paloma Partners Management Co acquired a new position in shares of Bridge Investment Group during the third quarter worth about $110,000. XTX Topco Ltd acquired a new stake in Bridge Investment Group in the third quarter valued at approximately $127,000. Finally, Quest Partners LLC purchased a new position in Bridge Investment Group in the third quarter worth approximately $448,000. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.

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