Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells $55,169.95 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O’farrell sold 6,655 shares of the 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 transaction, the chief operating officer now owns 551,512 shares of the company’s stock, valued at $4,572,034.48. This represents a 1.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $8.31, for a total transaction of $57,629.85.

Bridge Investment Group Stock Performance

NYSE:BRDG opened at $7.65 on Thursday. The stock has a market cap of $926.29 million, a P/E ratio of 191.30 and a beta of 1.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $9.37 and its two-hundred day moving average price is $8.88. Bridge Investment Group Holdings Inc. has a twelve month low of $6.18 and a twelve month high of $11.69.

Bridge Investment Group (NYSE:BRDG) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $101.51 million during the quarter, compared to analysts’ expectations of $85.00 million. During the same period in the prior year, the business earned $0.22 earnings per share. As a group, equities analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

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

Analyst Upgrades and Downgrades

BRDG has been the topic of a number of analyst reports. Morgan Stanley cut 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 report on Friday, November 8th. Wells Fargo & Company boosted 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. TD Cowen reduced their target price 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. UBS Group upped their price target on Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price objective (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.70.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP boosted 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 worth $62,000 after purchasing an additional 1,535 shares in the last quarter. Jane Street Group LLC bought a new stake in Bridge Investment Group in the 3rd quarter worth approximately $102,000. Paloma Partners Management Co purchased a new stake in Bridge Investment Group in the third quarter worth approximately $110,000. XTX Topco Ltd bought a new position in Bridge Investment Group during the third quarter valued at approximately $127,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Bridge Investment Group by 3.2% during the second 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 in the last quarter. 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.