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

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,206 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 297,707 shares in the company, valued at approximately $2,473,945.17. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $25,516.62.

Bridge Investment Group Price Performance

Shares of Bridge Investment Group stock opened at $7.65 on Thursday. 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 company has a fifty day moving average of $9.37 and a 200-day moving average of $8.88. The stock has a market capitalization of $926.29 million, a price-to-earnings ratio of 191.30 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 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 return on equity of 9.91% and a net margin of 1.92%. During the same quarter in the prior year, the firm posted $0.22 EPS. Equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Friday, December 6th. Bridge Investment Group’s dividend payout ratio is 1,000.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BRDG. Quarry LP increased its position in shares of Bridge Investment Group by 22.5% in the second 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 period. Bank of New York Mellon Corp increased its holdings 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 valued at $411,000 after purchasing an additional 1,735 shares during the period. Royce & Associates LP raised its position in Bridge Investment Group by 1.2% during the 3rd quarter. Royce & Associates LP now owns 773,230 shares of the company’s stock valued at $7,632,000 after purchasing an additional 8,909 shares during the last quarter. Jane Street Group LLC purchased a new stake in Bridge Investment Group in the 3rd quarter worth approximately $102,000. Finally, Paloma Partners Management Co bought a new stake in shares of Bridge Investment Group in the 3rd quarter worth approximately $110,000. 52.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BRDG. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research report on Tuesday. Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $14.00 to $11.00 in a research note on Friday, November 8th. Wells Fargo & Company boosted their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. UBS Group lifted their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen cut their target price on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Bridge Investment Group has an average rating of “Hold” and an average target price of $10.70.

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.