Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Update

Bridge Investment Group Holdings Inc. (NYSE:BRDG) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 255,500 shares, a decrease of 19.7% from the March 15th total of 318,200 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 421,700 shares, the short-interest ratio is currently 0.6 days.

Bridge Investment Group Trading Down 5.6 %

BRDG stock traded down $0.50 during trading on Monday, reaching $8.39. 156,321 shares of the stock traded hands, compared to its average volume of 261,652. The firm has a market capitalization of $1.04 billion, a PE ratio of 209.80 and a beta of 1.46. Bridge Investment Group has a 52-week low of $6.50 and a 52-week high of $11.69. 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’s 50 day moving average price is $9.20 and its 200-day moving average price is $9.17.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $81.96 million during the quarter, compared to the consensus estimate of $82.02 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. As a group, sell-side analysts forecast that Bridge Investment Group will post 0.68 earnings per share for the current year.

Bridge Investment Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.11 dividend. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Friday, March 14th. Bridge Investment Group’s dividend payout ratio is presently 488.89%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Bridge Investment Group by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company’s stock valued at $29,242,000 after acquiring an additional 208,022 shares during the period. Jennison Associates LLC lifted its position in Bridge Investment Group by 0.9% in the 4th quarter. Jennison Associates LLC now owns 3,402,475 shares of the company’s stock worth $28,581,000 after buying an additional 31,593 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Bridge Investment Group by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company’s stock valued at $10,879,000 after purchasing an additional 8,218 shares in the last quarter. Royce & Associates LP raised its position in shares of Bridge Investment Group by 29.3% in the fourth quarter. Royce & Associates LP now owns 999,626 shares of the company’s stock valued at $8,397,000 after purchasing an additional 226,396 shares during the period. Finally, Lord Abbett & CO. LLC boosted its stake in Bridge Investment Group by 17.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company’s stock valued at $8,098,000 after purchasing an additional 141,178 shares during the period. 52.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BRDG shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Wells Fargo & Company dropped their target price on shares of Bridge Investment Group from $11.00 to $9.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group raised their price target on Bridge Investment Group from $7.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.