Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Free Report) CEO Jonathan Slager sold 11,403 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $94,530.87. Following the completion of the transaction, the chief executive officer now directly owns 962,481 shares in the company, valued at $7,978,967.49. The trade was a 1.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Bridge Investment Group Price Performance
BRDG stock 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 52 week low of $6.18 and a 52 week high of $11.69. The firm’s fifty day moving average is $9.49 and its 200 day moving average is $8.89. The firm has a market cap of $1.00 billion, a P/E ratio of 206.80 and a beta of 1.57.
Bridge Investment Group (NYSE:BRDG – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $85.00 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. During the same period in the previous year, the company earned $0.22 EPS. Research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.
Bridge Investment Group Cuts Dividend
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on BRDG shares. Morgan Stanley lowered shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $14.00 to $11.00 in a report on Friday, November 8th. UBS Group increased their price target on shares of Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen reduced their target price on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, Wells Fargo & Company increased their target price on shares of Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.
Check Out Our Latest Report on BRDG
Institutional Investors Weigh In On Bridge Investment Group
Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock valued at $33,271,000 after buying an additional 74,779 shares during the period. Bank of New York Mellon Corp boosted its position in Bridge Investment Group by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock valued at $411,000 after buying an additional 1,735 shares during the period. XTX Topco Ltd purchased a new stake in Bridge Investment Group during the 3rd quarter valued at $127,000. Geode Capital Management LLC lifted its position in shares of Bridge Investment Group by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock worth $4,026,000 after purchasing an additional 40,975 shares during the period. Finally, State Street Corp boosted its stake in shares of Bridge Investment Group by 12.0% during the 3rd quarter. State Street Corp now owns 128,711 shares of the company’s stock valued at $1,270,000 after purchasing an additional 13,800 shares in the last quarter. Hedge funds and other 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.
Recommended Stories
- Five stocks we like better than Bridge Investment Group
- What is a buyback in stocks? A comprehensive guide for investors
- Build-Your-Bowl Battle: CAVA, Chipotle, and Sweetgreen Face Off
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Insiders Are Loading Up: 3 Key Stock Picks for Investors
- Conference Calls and Individual Investors
- How Cigna Remains at the Top of the Health Insurance Food Chain
Receive News & Ratings for Bridge Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridge Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.