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 company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $8.31, for a total value of $57,629.85. Following the completion of the transaction, the chief operating officer now directly owns 538,038 shares of the company’s stock, valued at approximately $4,471,095.78. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 value of $55,169.95.

Bridge Investment Group Price Performance

NYSE:BRDG opened at $7.65 on Thursday. The firm has a market cap of $926.29 million, a PE ratio of 191.30 and a beta of 1.57. The company’s 50-day moving average price is $9.37 and its two-hundred day moving average price is $8.88. The company has a quick ratio of 1.14, a current 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 released its quarterly earnings results 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 return on equity of 9.91% and a net margin of 1.92%. The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $85.00 million. During the same quarter last year, the company earned $0.22 earnings per share. On average, equities analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.23%. Bridge Investment Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BRDG. Morgan Stanley downgraded 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 research note on Friday, November 8th. TD Cowen decreased 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 research report on Tuesday, November 12th. 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 report on Tuesday, October 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday. Finally, Wells Fargo & Company increased their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bridge Investment Group currently has a consensus rating of “Hold” and a consensus target price of $10.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in Bridge Investment Group by 2.3% in the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock valued at $33,271,000 after acquiring an additional 74,779 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Bridge Investment Group by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock valued at $411,000 after purchasing an additional 1,735 shares in the last quarter. Geode Capital Management LLC raised its position in 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 last quarter. XTX Topco Ltd acquired a new position in Bridge Investment Group during the 3rd quarter worth $127,000. Finally, State Street Corp boosted its position in Bridge Investment Group by 12.0% in the 3rd quarter. State Street Corp now owns 128,711 shares of the company’s stock valued at $1,270,000 after buying an additional 13,800 shares during the last quarter. Institutional investors and hedge funds 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.