Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Sells $94,530.87 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Jonathan Slager sold 11,403 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $94,530.87. Following the sale, the chief executive officer now directly owns 962,481 shares in the company, valued at $7,978,967.49. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bridge Investment Group Price Performance

Bridge Investment Group stock opened at $7.65 on Thursday. The company has a market capitalization of $926.29 million, a price-to-earnings ratio of 191.30 and a beta of 1.57. The stock’s 50 day moving average is $9.37 and its 200-day moving average is $8.88. 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 Holdings Inc. has a 12 month low of $6.18 and a 12 month high of $11.69.

Bridge Investment Group (NYSE:BRDG) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 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 during the quarter, compared to analyst estimates of $85.00 million. During the same period in the prior year, the company earned $0.22 earnings per share. Equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The firm also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s dividend payout ratio is 1,000.00%.

Analyst Upgrades and Downgrades

BRDG has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.00 to $11.00 in a report on Friday, November 8th. UBS Group boosted their price target on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.00 target price (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday. Finally, TD Cowen cut their price target 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.70.

Institutional Trading of Bridge Investment Group

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Bridge Investment Group by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock worth $411,000 after purchasing an additional 1,735 shares during the period. 1832 Asset Management L.P. grew its position in Bridge Investment Group by 21.7% during the second quarter. 1832 Asset Management L.P. now owns 171,620 shares of the company’s stock worth $1,273,000 after buying an additional 30,620 shares in the last quarter. Marshall Wace LLP increased its stake in Bridge Investment Group by 22.0% during the 2nd quarter. Marshall Wace LLP now owns 114,769 shares of the company’s stock worth $852,000 after acquiring an additional 20,726 shares during the period. 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 valued at $62,000 after acquiring an additional 1,535 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Bridge Investment Group by 1.2% during the 3rd quarter. Royce & Associates LP now owns 773,230 shares of the company’s stock valued at $7,632,000 after acquiring an additional 8,909 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.