Bridge Investment Group Holdings Inc. (NYSE:BRDG – Get Free Report) insider Dean Allara sold 5,730 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $8.26, for a total transaction of $47,329.80. Following the completion of the transaction, the insider now directly owns 555,276 shares in the company, valued at approximately $4,586,579.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Dean Allara also recently made the following trade(s):
- On Wednesday, July 24th, Dean Allara sold 5,764 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.03, for a total transaction of $46,284.92.
Bridge Investment Group Price Performance
Shares of Bridge Investment Group stock traded down $0.24 on Wednesday, hitting $7.82. 246,002 shares of the company traded hands, compared to its average volume of 252,696. The stock has a market capitalization of $946.14 million, a P/E ratio of -32.58 and a beta of 1.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 1.17. Bridge Investment Group Holdings Inc. has a 52 week low of $6.18 and a 52 week high of $12.65. The business has a 50-day simple moving average of $7.63 and a 200 day simple moving average of $7.71.
Bridge Investment Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.07. Bridge Investment Group’s payout ratio is currently -199.99%.
Institutional Investors Weigh In On Bridge Investment Group
Large investors have recently bought and sold shares of the business. Quarry LP bought a new stake in Bridge Investment Group in the fourth quarter worth $37,000. Albion Financial Group UT bought a new stake in Bridge Investment Group in the second quarter worth $37,000. HBK Sorce Advisory LLC increased its position in Bridge Investment Group by 23.4% in the first quarter. HBK Sorce Advisory LLC now owns 21,296 shares of the company’s stock worth $146,000 after purchasing an additional 4,035 shares during the last quarter. Raymond James & Associates increased its position in Bridge Investment Group by 13.1% during the fourth quarter. Raymond James & Associates now owns 15,259 shares of the company’s stock valued at $149,000 after acquiring an additional 1,772 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in Bridge Investment Group during the fourth quarter valued at $249,000. Institutional investors own 52.83% of the company’s stock.
About Bridge Investment Group
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.
See Also
- Five stocks we like better than Bridge Investment Group
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- How to Capture the Benefits of Dividend Increases
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- Investing in Construction Stocks
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
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.