Bridge Investment Group Holdings Inc. (NYSE:BRDG) Holdings Decreased by Trexquant Investment LP

Trexquant Investment LP reduced its stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 50.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,278 shares of the company's stock after selling 47,403 shares during the period. Trexquant Investment LP's holdings in Bridge Investment Group were worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BRDG. Vanguard Group Inc. raised its holdings in shares of Bridge Investment Group by 6.4% during the 4th quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock valued at $29,242,000 after buying an additional 208,022 shares during the period. Jennison Associates LLC lifted its position in shares of Bridge Investment Group by 0.9% during the fourth quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock worth $28,581,000 after purchasing an additional 31,593 shares in the last quarter. Franklin Resources Inc. boosted its stake 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 period. Royce & Associates LP grew its holdings in Bridge Investment Group by 29.3% during the 4th quarter. Royce & Associates LP now owns 999,626 shares of the company's stock valued at $8,397,000 after purchasing an additional 226,396 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 purchasing an additional 40,975 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRDG. UBS Group lifted their target price on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.40.

Bridge Investment Group Stock Performance

Shares of BRDG stock traded up $0.12 on Friday, hitting $8.88. 124,403 shares of the stock traded hands, compared to its average volume of 261,846. The company has a market capitalization of $1.10 billion, a PE ratio of 221.98 and a beta of 1.46. The company's fifty day moving average is $9.16 and its 200 day moving average is $9.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Bridge Investment Group Holdings Inc. has a 1-year low of $6.49 and a 1-year high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $81.96 million during the quarter, compared to analyst estimates of $82.02 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. On average, equities research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.96%. This is a boost from Bridge Investment Group's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, March 14th. Bridge Investment Group's dividend payout ratio is presently 488.89%.

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.