Rockefeller Capital Management L.P. Takes Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Rockefeller Capital Management L.P. purchased a new position in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 64,636 shares of the company's stock, valued at approximately $638,000. Rockefeller Capital Management L.P. owned 0.05% of Bridge Investment Group at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its position in Bridge Investment Group by 2.3% in the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company's stock worth $33,271,000 after purchasing an additional 74,779 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Bridge Investment Group by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company's stock worth $411,000 after buying an additional 1,735 shares in the last quarter. 1832 Asset Management L.P. increased its position in 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 acquiring an additional 30,620 shares during the period. Quarry LP raised 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 valued at $62,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Bridge Investment Group during the 3rd quarter worth $448,000. Institutional investors own 52.83% of the company's stock.

Analyst Ratings Changes

BRDG has been the topic of a number of recent analyst reports. Morgan Stanley cut 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 research note on Friday, November 8th. TD Cowen lowered their target price 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. Wells Fargo & Company upped their price target 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, UBS Group boosted 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 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 company currently has a consensus rating of "Hold" and a consensus price target of $11.00.

Bridge Investment Group Price Performance

BRDG stock traded down $0.06 on Tuesday, hitting $9.36. 138,144 shares of the company's stock traded hands, compared to its average volume of 236,549. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 234.00 and a beta of 1.54. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $11.69. 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 stock has a fifty day moving average of $10.14 and a 200-day moving average of $8.74.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released 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). Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The company had revenue of $101.51 million for the quarter, compared to the consensus estimate of $85.00 million. During the same period in the prior year, the business earned $0.22 earnings per share. On average, analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Friday, December 6th. Bridge Investment Group's payout ratio is 1,000.00%.

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.