Bridge Investment Group Holdings Inc. (NYSE:BRDG) Vice Chairman Sells $90,387.87 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) 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 transaction of $90,387.87. Following the completion of the transaction, the insider now owns 662,473 shares in the company, valued at approximately $5,505,150.63. This trade represents a 1.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dean Allara also recently made the following trade(s):

• On Thursday, January 2nd, Dean Allara sold 10,438 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.29, for a total value of $86,531.02.

Bridge Investment Group Stock Up 0.2 %

NYSE:BRDG traded up $0.02 on Monday, hitting $8.27. 519,523 shares of the company’s stock traded hands, compared to its average volume of 313,608. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.00 billion, a PE ratio of 206.80 and a beta of 1.57. The firm has a 50-day moving average price of $9.49 and a 200-day moving average price of $8.89. Bridge Investment Group Holdings Inc. has a 1 year low of $6.18 and a 1 year high of $11.69.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $85.00 million. During the same period in the previous year, the business posted $0.22 EPS. Equities analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.84%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s payout ratio is 1,000.00%.

Analyst Ratings Changes

BRDG has been the subject of several analyst reports. TD Cowen reduced their target price on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. UBS Group upped their price objective 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 target price on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.00 to $11.00 in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Bridge Investment Group has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Trading of Bridge Investment Group

Large investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of Bridge Investment Group by 22.5% in the 2nd quarter. Quarry LP now owns 8,350 shares of the company’s stock valued at $62,000 after acquiring an additional 1,535 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Bridge Investment Group in the third quarter worth $102,000. Paloma Partners Management Co bought a new stake in shares of Bridge Investment Group during the 3rd quarter worth $110,000. XTX Topco Ltd acquired a new position in Bridge Investment Group in the 3rd quarter valued at $127,000. Finally, Bank of New York Mellon Corp raised its holdings in Bridge Investment Group by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock worth $411,000 after acquiring an additional 1,735 shares during the period. Institutional investors own 52.83% of the company’s stock.

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.