Bridge Investment Group Holdings Inc. Plans Dividend of $0.13 (NYSE:BRDG)

Bridge Investment Group Holdings Inc. (NYSE:BRDG) declared a dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.13 per share on Friday, September 13th. The ex-dividend date is Friday, August 30th.

Bridge Investment Group has a dividend payout ratio of 42.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bridge Investment Group to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 42.9%.

Bridge Investment Group Price Performance

Shares of NYSE BRDG traded up $0.25 during mid-day trading on Wednesday, reaching $7.51. The company’s stock had a trading volume of 211,861 shares, compared to its average volume of 248,715. The firm has a market capitalization of $907.99 million, a PE ratio of -31.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average of $7.62 and a two-hundred day moving average of $7.59. Bridge Investment Group has a 52 week low of $6.18 and a 52 week high of $12.03.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $79.35 million during the quarter, compared to analyst estimates of $76.31 million. Bridge Investment Group had a return on equity of 10.23% and a net margin of 0.25%. As a group, sell-side analysts anticipate that Bridge Investment Group will post 0.8 EPS for the current fiscal year.

Insider Transactions at Bridge Investment Group

In related news, insider Dean Allara sold 5,730 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $8.26, for a total transaction of $47,329.80. Following the completion of the transaction, the insider now directly owns 555,276 shares of the company’s stock, valued at $4,586,579.76. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Dean Allara sold 5,730 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $8.26, for a total transaction of $47,329.80. Following the completion of the transaction, the insider now directly owns 555,276 shares of the company’s stock, valued at $4,586,579.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Robert Randolph Morse sold 25,971 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $8.03, for a total value of $208,547.13. Following the transaction, the chairman now directly owns 2,554,419 shares of the company’s stock, valued at $20,511,984.57. The disclosure for this sale can be found here. Insiders sold a total of 84,366 shares of company stock valued at $687,133 over the last 90 days. Company insiders own 65.90% of the company’s stock.

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.