Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Sells $26,641.86 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,206 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $8.31, for a total value of $26,641.86. Following the sale, the chief financial officer now owns 297,707 shares of the company’s stock, valued at $2,473,945.17. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Katherine Elsnab also recently made the following trade(s):

• On Thursday, January 2nd, Katherine Elsnab sold 3,078 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.29, for a total transaction of $25,516.62.

Bridge Investment Group Price Performance

Bridge Investment Group stock opened at $7.65 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The business’s 50 day simple moving average is $9.37 and its 200 day simple moving average is $8.88. 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 market cap of $926.29 million, a price-to-earnings ratio of 191.30 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The firm had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $85.00 million. During the same period in the prior year, the company earned $0.22 EPS. Sell-side analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

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

Institutional Trading of Bridge Investment Group

Institutional investors have recently modified their holdings of the business. Quarry LP raised its holdings in Bridge Investment Group by 22.5% during the 2nd quarter. Quarry LP now owns 8,350 shares of the company’s stock valued at $62,000 after acquiring an additional 1,535 shares during the period. Jane Street Group LLC purchased a new position in shares of Bridge Investment Group in the third quarter valued at $102,000. Paloma Partners Management Co purchased a new stake in Bridge Investment Group during the 3rd quarter worth about $110,000. XTX Topco Ltd bought a new position in Bridge Investment Group in the 3rd quarter worth about $127,000. Finally, Quest Partners LLC purchased a new position in Bridge Investment Group during the 3rd quarter valued at about $448,000. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen cut 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 report on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $10.00 target price (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday. UBS Group lifted their price target on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley downgraded Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $14.00 to $11.00 in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Bridge Investment Group has a consensus rating of “Hold” and a consensus price target of $10.70.

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.