EP Wealth Advisors LLC Makes New $89,000 Investment in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

EP Wealth Advisors LLC bought a new position in Bridge Investment Group Holdings Inc. (NYSE:BRDG) in the 4th quarter, HoldingsChannel.com reports. The fund bought 10,628 shares of the company’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in Bridge Investment Group in the fourth quarter worth approximately $221,000. Jennison Associates LLC boosted its stake in Bridge Investment Group by 0.9% in the fourth 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. Bank of New York Mellon Corp boosted its stake in Bridge Investment Group by 204.5% in the fourth quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company’s stock worth $1,607,000 after buying an additional 128,505 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Bridge Investment Group in the fourth quarter worth approximately $133,000. Finally, Norges Bank purchased a new stake in Bridge Investment Group in the fourth quarter worth approximately $597,000. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on BRDG shares. Wells Fargo & Company cut their target price on Bridge Investment Group from $11.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. UBS Group raised their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Bridge Investment Group has an average rating of “Hold” and an average target price of $10.40.

Bridge Investment Group Price Performance

Shares of Bridge Investment Group stock opened at $10.13 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. Bridge Investment Group Holdings Inc. has a 52-week low of $6.81 and a 52-week high of $11.69. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 253.31 and a beta of 1.46. The company’s 50 day moving average price is $9.31 and its 200-day moving average price is $9.07.

Bridge Investment Group (NYSE:BRDG) last issued its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The firm had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. Equities research analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.11 dividend. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 4.34%. Bridge Investment Group’s dividend payout ratio (DPR) is presently -84.62%.

Bridge Investment Group 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.