Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Down 6.5% in July

Bridge Investment Group Holdings Inc. (NYSE:BRDG) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 757,400 shares, a decline of 6.5% from the June 30th total of 809,800 shares. Based on an average daily volume of 204,500 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.1% of the company’s stock are sold short.

Bridge Investment Group Stock Up 1.9 %

Shares of NYSE:BRDG traded up $0.15 during mid-day trading on Wednesday, reaching $8.19. 16,131 shares of the stock were exchanged, compared to its average volume of 249,091. The stock’s 50 day simple moving average is $7.64 and its 200-day simple moving average is $7.65. Bridge Investment Group has a one year low of $6.18 and a one year high of $12.59. The company has a market cap of $990.91 million, a P/E ratio of -33.62 and a beta of 1.62. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.89.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Bridge Investment Group had a return on equity of 10.23% and a net margin of 0.25%. The firm had revenue of $79.35 million during the quarter, compared to the consensus estimate of $76.31 million. As a group, equities research analysts predict that Bridge Investment Group will post 0.8 EPS for the current year.

Bridge Investment Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.12 dividend. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.07. This represents a $0.48 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend was Friday, May 31st. Bridge Investment Group’s payout ratio is presently -199.99%.

Insider Activity at Bridge Investment Group

In other Bridge Investment Group news, CEO Jonathan Slager sold 6,371 shares of Bridge Investment Group stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $8.26, for a total value of $52,624.46. Following the transaction, the chief executive officer now owns 786,373 shares of the company’s stock, valued at $6,495,440.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Jonathan Slager sold 6,371 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $8.26, for a total transaction of $52,624.46. Following the completion of the sale, the chief executive officer now owns 786,373 shares of the company’s stock, valued at $6,495,440.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Adam O’farrell sold 3,748 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $8.26, for a total transaction of $30,958.48. Following the completion of the sale, the chief operating officer now directly owns 455,514 shares in the company, valued at $3,762,545.64. The disclosure for this sale can be found here. In the last three months, insiders sold 84,366 shares of company stock worth $687,133. 65.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bridge Investment Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thornburg Investment Management Inc. increased its position in shares of Bridge Investment Group by 181.2% in the first quarter. Thornburg Investment Management Inc. now owns 783,353 shares of the company’s stock valued at $5,358,000 after acquiring an additional 504,812 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Bridge Investment Group during the 4th quarter worth approximately $1,199,000. Jump Financial LLC raised its stake in shares of Bridge Investment Group by 142.7% during the 4th quarter. Jump Financial LLC now owns 31,800 shares of the company’s stock worth $311,000 after purchasing an additional 18,700 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Bridge Investment Group in the 1st quarter valued at approximately $966,000. Finally, Quarry LP acquired a new stake in shares of Bridge Investment Group in the 4th quarter valued at approximately $37,000. 52.83% of the stock is owned by institutional investors.

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.