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Short Interest in Bridge Investment Group Holdings Inc. (NYSE:BRDG) Grows By 25.2%

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Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 351,900 shares, an increase of 25.2% from the November 30th total of 281,000 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 233,700 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

BRDG has been the subject of several recent research reports. TD Cowen dropped their price target on 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. UBS Group boosted their target price 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. Wells Fargo & Company lifted their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Finally, Morgan Stanley cut Bridge Investment Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $14.00 to $11.00 in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.00.

View Our Latest Stock Report on Bridge Investment Group

Bridge Investment Group Price Performance

BRDG traded up $0.03 during trading on Tuesday, reaching $8.40. The stock had a trading volume of 101,086 shares, compared to its average volume of 232,473. Bridge Investment Group has a 1-year low of $6.18 and a 1-year high of $11.69. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 210.05 and a beta of 1.54. The stock has a 50 day moving average of $9.73 and a two-hundred day moving average of $8.85. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted 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). Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The business had revenue of $101.51 million during the quarter, compared to analyst estimates of $85.00 million. During the same quarter last year, the firm posted $0.22 EPS. As a group, equities analysts anticipate that Bridge Investment Group will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.10 per share. The ex-dividend date was Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a yield of 4.76%. Bridge Investment Group's payout ratio is 1,000.00%.

Institutional Investors Weigh In On Bridge Investment Group

Several large investors have recently made changes to their positions in BRDG. Quarry LP raised its holdings in Bridge Investment Group by 22.5% in the 2nd quarter. Quarry LP now owns 8,350 shares of the company's stock worth $62,000 after acquiring an additional 1,535 shares during the period. Jane Street Group LLC acquired a new position in shares of Bridge Investment Group during the 3rd quarter worth about $102,000. Paloma Partners Management Co bought a new stake in Bridge Investment Group during the 3rd quarter valued at approximately $110,000. XTX Topco Ltd acquired a new stake in Bridge Investment Group in the 3rd quarter valued at approximately $127,000. Finally, Quest Partners LLC bought a new position in Bridge Investment Group in the 3rd quarter worth approximately $448,000. Institutional investors own 52.83% of the company's stock.

Bridge Investment Group Company Profile

(Get Free Report)

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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