Adam O’farrell Sells 6,935 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDGGet Free Report) COO Adam O’farrell sold 6,935 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $8.31, for a total transaction of $57,629.85. Following the completion of the transaction, the chief operating officer now owns 538,038 shares in the company, valued at $4,471,095.78. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Adam O’farrell also recently made the following trade(s):

  • On Thursday, January 2nd, Adam O’farrell sold 6,655 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.29, for a total transaction of $55,169.95.

Bridge Investment Group Price Performance

Shares of BRDG opened at $8.27 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. Bridge Investment Group Holdings Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $11.69. The firm has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $8.89. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 206.80 and a beta of 1.57.

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

Bridge Investment Group Cuts Dividend

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

Hedge Funds Weigh In On Bridge Investment Group

A number of large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake 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 acquiring an additional 1,735 shares during the period. 1832 Asset Management L.P. boosted its holdings in Bridge Investment Group by 21.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 171,620 shares of the company’s stock valued at $1,273,000 after purchasing an additional 30,620 shares in the last quarter. Marshall Wace LLP increased its position 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 purchasing an additional 20,726 shares during the period. Quarry LP raised its stake in shares of Bridge Investment Group by 22.5% during the 2nd quarter. Quarry LP now owns 8,350 shares of the company’s stock worth $62,000 after buying an additional 1,535 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Bridge Investment Group by 1.2% in the 3rd quarter. Royce & Associates LP now owns 773,230 shares of the company’s stock valued at $7,632,000 after buying an additional 8,909 shares during the period. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Analyst Ratings Changes

BRDG has been the subject of a number of research reports. Morgan Stanley cut 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. Wells Fargo & Company upped their target price 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. TD Cowen dropped their price target on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Finally, UBS Group boosted their price objective on Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.00.

View Our Latest Stock Analysis on BRDG

About Bridge Investment Group

(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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Insider Buying and Selling by Quarter for Bridge Investment Group (NYSE:BRDG)

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