Bridge Investment Group (NYSE:BRDG) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Bridge Investment Group (NYSE:BRDG) issued its earnings results on Monday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02, Zacks reports. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%.

Bridge Investment Group Price Performance

Shares of NYSE:BRDG opened at $10.99 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $8.04 and a 200-day moving average price of $8.92. Bridge Investment Group has a 1-year low of $6.18 and a 1-year high of $11.69. The company has a market capitalization of $1.33 billion, a PE ratio of 271.07 and a beta of 1.55.

Insider Activity at Bridge Investment Group

In other Bridge Investment Group news, Vice Chairman Dean Allara sold 10,877 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $8.31, for a total transaction of $90,387.87. Following the completion of the sale, the insider now directly owns 662,473 shares in the company, valued at $5,505,150.63. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jonathan Slager sold 11,403 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $94,530.87. Following the completion of the transaction, the chief executive officer now owns 962,481 shares in the company, valued at $7,978,967.49. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 145,187 shares of company stock worth $1,204,966 over the last quarter. Company insiders own 65.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BRDG. Wells Fargo & Company dropped their target price on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. TD Cowen reduced their target price on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Morgan Stanley cut 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 report on Friday, November 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.40.

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.