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

Bridge Investment Group (NYSE:BRDG) posted its earnings results on Monday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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

NYSE:BRDG opened at $10.60 on Tuesday. The company has a 50-day moving average of $8.07 and a 200-day moving average of $8.94. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 264.94 and a beta of 1.55. Bridge Investment Group has a 52 week low of $6.18 and a 52 week high of $11.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley lowered shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $14.00 to $11.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price target (down from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. Finally, TD Cowen decreased their price target on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Bridge Investment Group presently has an average rating of “Hold” and an average price target of $10.40.

Insider Transactions at Bridge Investment Group

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