Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells $57,629.85 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell sold 6,935 shares of the 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 $57,629.85. Following the completion of the sale, the chief operating officer now owns 538,038 shares of the company’s stock, valued at approximately $4,471,095.78. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Stock Up 1.2 %

BRDG opened at $7.65 on Thursday. The firm has a market cap of $926.29 million, a P/E ratio of 191.30 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day moving average price of $9.37 and a 200 day moving average price of $8.88. Bridge Investment Group Holdings Inc. has a twelve month low of $6.18 and a twelve 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The firm had revenue of $101.51 million during the quarter, compared to analyst estimates of $85.00 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Research analysts forecast 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. Stockholders of record on Friday, December 6th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s dividend payout ratio is currently 1,000.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 target price (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday. Wells Fargo & Company increased their price objective on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley cut shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $14.00 to $11.00 in a research note 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 research note on Tuesday, October 22nd. Finally, TD Cowen cut their price target 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Bridge Investment Group currently has an average rating of “Hold” and an average price target of $10.70.

Hedge Funds Weigh In On Bridge Investment Group

Institutional investors have recently made changes to their positions in the business. Quarry LP grew 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 buying an additional 1,535 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Bridge Investment Group in the third quarter valued at approximately $102,000. Paloma Partners Management Co acquired a new stake in shares of Bridge Investment Group in the third quarter worth $110,000. XTX Topco Ltd acquired a new stake in shares of Bridge Investment Group in the third quarter worth $127,000. Finally, Bank of New York Mellon Corp increased its position in 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. 52.83% of the stock is currently owned by institutional investors.

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.