Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Sells $94,530.87 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CEO Jonathan Slager sold 11,403 shares of the company’s 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 transaction, the chief executive officer now owns 962,481 shares in the company, valued at $7,978,967.49. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Bridge Investment Group Price Performance

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. Bridge Investment Group Holdings Inc. has a 12 month low of $6.18 and a 12 month high of $11.69. 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 company has a fifty day simple moving average of $9.37 and a 200 day simple moving average of $8.88.

Bridge Investment Group (NYSE:BRDG) last issued 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 business had revenue of $101.51 million during the quarter, compared to analyst estimates 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 prior year, the firm posted $0.22 earnings per share. On average, research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on BRDG. TD Cowen dropped their price objective 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. Wells Fargo & Company boosted their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley cut Bridge Investment Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $14.00 to $11.00 in a report on Friday, November 8th. UBS Group boosted their price objective on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.00 target price (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bridge Investment Group currently has a consensus rating of “Hold” and a consensus price target of $10.70.

Institutional Investors Weigh In On Bridge Investment Group

Institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its holdings in Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock worth $33,271,000 after purchasing an additional 74,779 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 1,735 shares during the period. Geode Capital Management LLC grew its holdings in shares of Bridge Investment Group by 11.2% during the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock worth $4,026,000 after buying an additional 40,975 shares in the last quarter. XTX Topco Ltd acquired a new stake in Bridge Investment Group in the 3rd quarter valued at approximately $127,000. Finally, State Street Corp raised its position in Bridge Investment Group by 12.0% in the 3rd quarter. State Street Corp now owns 128,711 shares of the company’s stock valued at $1,270,000 after buying an additional 13,800 shares during the last quarter. 52.83% of the stock is owned by institutional investors.

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.