Katherine Elsnab Sells 3,206 Shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,206 shares of the firm’s 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 $26,641.86. Following the sale, the chief financial officer now owns 297,707 shares of the company’s stock, valued at approximately $2,473,945.17. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Katherine Elsnab also recently made the following trade(s):

• On Thursday, January 2nd, Katherine Elsnab sold 3,078 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.29, for a total transaction of $25,516.62.

Bridge Investment Group Stock Performance

Shares of Bridge Investment Group stock traded up $0.02 on Monday, reaching $8.27. The stock had a trading volume of 519,523 shares, 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. The business’s 50-day moving average price is $9.49 and its two-hundred day moving average price is $8.89. The stock has a market cap of $1.00 billion, a P/E ratio of 206.80 and a beta of 1.57. Bridge Investment Group Holdings Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $11.69.

Bridge Investment Group (NYSE:BRDG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) 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 period in the prior year, the business posted $0.22 earnings per share. On average, sell-side 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 issued a dividend of $0.10 per share. 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 4.84%. Bridge Investment Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Institutional Investors Weigh In On Bridge Investment Group

Several hedge funds have recently modified their holdings of the business. Quarry LP raised its stake in Bridge Investment Group by 22.5% during the 2nd quarter. Quarry LP now owns 8,350 shares of the company’s stock valued at $62,000 after purchasing an additional 1,535 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Bridge Investment Group during the 3rd quarter worth about $102,000. Paloma Partners Management Co bought a new position in shares of Bridge Investment Group during the 3rd quarter worth about $110,000. XTX Topco Ltd acquired a new position in shares of Bridge Investment Group during the third quarter valued at about $127,000. Finally, Bank of New York Mellon Corp lifted its stake 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 buying an additional 1,735 shares during the period. 52.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley lowered Bridge Investment Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $14.00 to $11.00 in a research report on Friday, November 8th. TD Cowen cut their price objective 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. Wells Fargo & Company boosted their target price on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, UBS Group lifted their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Bridge Investment Group has an average rating of “Hold” and a consensus target price of $11.00.

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.