Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells 6,935 Shares of 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 value of $57,629.85. Following the completion of the transaction, the chief operating officer now owns 538,038 shares of the company’s stock, valued at $4,471,095.78. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $55,169.95.

Bridge Investment Group Stock Up 0.2 %

Shares of Bridge Investment Group stock traded up $0.02 during trading hours on Monday, reaching $8.27. 519,523 shares of the company were exchanged, compared to its average volume of 313,608. The firm has a market cap of $1.00 billion, a PE ratio of 206.80 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. Bridge Investment Group Holdings Inc. has a 1 year low of $6.18 and a 1 year high of $11.69. The stock’s fifty day moving average is $9.49 and its 200 day moving average 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 (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $85.00 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. During the same quarter in the previous year, the business posted $0.22 EPS. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.10 dividend. 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 payout ratio is 1,000.00%.

Hedge Funds Weigh In On Bridge Investment Group

Several large investors have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of 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 acquiring an additional 1,535 shares during the last quarter. Jane Street Group LLC purchased a new position in Bridge Investment Group in the third quarter valued at approximately $102,000. Paloma Partners Management Co acquired a new stake in Bridge Investment Group during the third quarter worth approximately $110,000. XTX Topco Ltd acquired a new position in shares of Bridge Investment Group in the 3rd quarter valued at $127,000. Finally, Bank of New York Mellon Corp grew its position in shares of Bridge Investment Group by 3.2% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $14.00 to $11.00 in a research note on Friday, November 8th. TD Cowen cut their target price on 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 lifted their price objective on Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, UBS Group increased their target price on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Bridge Investment Group presently has an average rating of “Hold” and a consensus price target 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.