Bridge Investment Group Holdings Inc. (NYSE:BRDG) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 29.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 999,626 shares of the company's stock after purchasing an additional 226,396 shares during the period. Royce & Associates LP owned 0.83% of Bridge Investment Group worth $8,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BRDG. Jennison Associates LLC lifted its holdings in shares of Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company's stock valued at $33,271,000 after purchasing an additional 74,779 shares during the last quarter. Geode Capital Management LLC increased its position in Bridge Investment Group by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 407,709 shares of the company's stock valued at $4,026,000 after buying an additional 40,975 shares in the last quarter. Jane Street Group LLC purchased a new stake in Bridge Investment Group in the third quarter valued at about $102,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Bridge Investment Group during the fourth quarter worth about $221,000. Finally, XTX Topco Ltd purchased a new position in shares of Bridge Investment Group in the 3rd quarter valued at approximately $127,000. 52.83% of the stock is currently owned by institutional investors.

Insider Activity at Bridge Investment Group

In other news, Chairman Robert Randolph Morse sold 45,343 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $375,893.47. Following the completion of the sale, the chairman now directly owns 3,249,076 shares in the company, valued at $26,934,840.04. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Dean Allara sold 10,877 shares of Bridge Investment Group stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $8.31, for a total value of $90,387.87. Following the transaction, 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 position. 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.

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Bridge Investment Group Stock Performance

NYSE BRDG traded down $0.04 on Friday, reaching $10.10. 223,567 shares of the company's stock traded hands, compared to its average volume of 247,091. The stock has a 50 day moving average price of $8.65 and a 200-day moving average price of $9.17. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 252.61 and a beta of 1.47. Bridge Investment Group Holdings Inc. has a fifty-two week low of $6.31 and a fifty-two week high of $11.69. 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 issued its earnings results on Monday, February 24th. The company reported $0.18 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 firm had revenue of $81.96 million for the quarter, compared to the consensus estimate of $82.02 million. Equities research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.11 dividend. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Friday, March 14th. Bridge Investment Group's dividend payout ratio (DPR) is presently 488.89%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BRDG shares. UBS Group boosted 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 report on Wednesday, February 26th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $10.00 target price (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company cut their price objective on Bridge Investment Group from $11.50 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.80.

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.