Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell Sells 6,655 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell sold 6,655 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $55,169.95. Following the sale, the chief operating officer now directly owns 551,512 shares in the company, valued at $4,572,034.48. This represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, January 6th, Adam O’farrell sold 6,935 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.31, for a total value of $57,629.85.

Bridge Investment Group Trading Up 0.2 %

NYSE:BRDG traded up $0.02 on Monday, hitting $8.27. 519,523 shares of the stock were exchanged, compared to its average volume of 313,608. 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 stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 206.80 and a beta of 1.57. The company’s 50-day moving average price is $9.49 and its 200 day moving average price is $8.89.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings data 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). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The business had revenue of $101.51 million during the quarter, compared to analyst estimates of $85.00 million. During the same quarter in the prior year, the company earned $0.22 earnings per share. On average, equities research analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Bridge Investment Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.84%. Bridge Investment Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Upgrades and Downgrades

BRDG has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a report on Wednesday, October 9th. TD Cowen cut their price target on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Morgan Stanley cut shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Friday, November 8th. Finally, UBS Group upped their target price 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Institutional Investors Weigh In On Bridge Investment Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its position in shares of Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock worth $33,271,000 after buying an additional 74,779 shares during the period. Bank of New York Mellon Corp boosted its stake 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 worth $411,000 after acquiring an additional 1,735 shares during the last quarter. XTX Topco Ltd acquired a new position in Bridge Investment Group during the third quarter valued at approximately $127,000. Geode Capital Management LLC increased its stake in Bridge Investment Group by 11.2% in the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock valued at $4,026,000 after purchasing an additional 40,975 shares in the last quarter. Finally, State Street Corp raised its holdings in Bridge Investment Group by 12.0% in the third quarter. State Street Corp now owns 128,711 shares of the company’s stock worth $1,270,000 after purchasing an additional 13,800 shares during the period. 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.