Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Update

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 318,200 shares, a drop of 17.6% from the February 28th total of 386,200 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 350,400 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRDG shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Wells Fargo & Company lowered their price target on shares of Bridge Investment Group from $11.50 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday, March 20th. Finally, UBS Group boosted their price objective on Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Bridge Investment Group presently has an average rating of "Hold" and an average target price of $10.80.

Bridge Investment Group Stock Performance

BRDG traded down $1.11 on Friday, reaching $7.63. The stock had a trading volume of 359,643 shares, compared to its average volume of 253,227. The business's 50-day moving average price is $9.03 and its two-hundred day moving average price is $9.27. The company has a market cap of $944.32 million, a P/E ratio of 190.67 and a beta of 1.46. Bridge Investment Group has a 12-month low of $6.49 and a 12-month 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.

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 for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $81.96 million during the quarter, compared to analyst estimates of $82.02 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. Sell-side analysts forecast that Bridge Investment Group will post 0.68 earnings per share for the current year.

Bridge Investment Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 5.77%. The ex-dividend date was Friday, March 14th. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. Bridge Investment Group's payout ratio is presently 488.89%.

Insider Buying and Selling

In other news, CFO Katherine Elsnab sold 3,206 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $8.31, for a total value of $26,641.86. Following the completion of the transaction, the chief financial officer now directly owns 297,707 shares in the company, valued at $2,473,945.17. This trade represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Adam O'farrell sold 6,935 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $8.31, for a total value of $57,629.85. Following the completion of the sale, the chief operating officer now owns 538,038 shares in the company, valued at approximately $4,471,095.78. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,270 shares of company stock worth $567,324 in the last three months. Corporate insiders own 65.90% of the company's stock.

Hedge Funds Weigh In On Bridge Investment Group

Several hedge funds and other institutional investors have recently modified their holdings of BRDG. Franklin Resources Inc. increased its holdings in shares of Bridge Investment Group by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock valued at $10,879,000 after purchasing an additional 8,218 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Bridge Investment Group in the 3rd quarter worth approximately $102,000. EP Wealth Advisors LLC acquired a new stake in Bridge Investment Group in the 4th quarter valued at approximately $89,000. Paloma Partners Management Co purchased a new stake in Bridge Investment Group in the third quarter valued at approximately $110,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Bridge Investment Group during the fourth quarter worth $95,000. 52.83% of the stock is owned by hedge funds and other institutional investors.

Bridge Investment Group Company 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.