Bridge Investment Group (BRDG) Set to Announce Quarterly Earnings on Tuesday

Bridge Investment Group (NYSE:BRDG) will be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect Bridge Investment Group to post earnings of $0.17 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $79.35 million for the quarter, compared to analysts’ expectations of $76.31 million. Bridge Investment Group had a return on equity of 10.23% and a net margin of 0.25%. On average, analysts expect Bridge Investment Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridge Investment Group Stock Down 0.6 %

Bridge Investment Group stock opened at $7.66 on Monday. Bridge Investment Group has a 12 month low of $6.18 and a 12 month high of $12.44. The stock has a fifty day simple moving average of $7.64 and a two-hundred day simple moving average of $7.62. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. The firm has a market cap of $926.78 million, a price-to-earnings ratio of -31.92 and a beta of 1.63.

Bridge Investment Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.12 per share. The ex-dividend date was Friday, May 31st. This is a positive change from Bridge Investment Group’s previous quarterly dividend of $0.07. This represents a $0.48 dividend on an annualized basis and a yield of 6.27%. Bridge Investment Group’s payout ratio is currently -199.99%.

Insider Transactions at Bridge Investment Group

In related news, Chairman Robert Randolph Morse sold 25,823 shares of Bridge Investment Group stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $8.26, for a total transaction of $213,297.98. Following the transaction, the chairman now directly owns 2,605,033 shares in the company, valued at $21,517,572.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Bridge Investment Group news, Chairman Robert Randolph Morse sold 25,823 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $8.26, for a total transaction of $213,297.98. Following the sale, the chairman now owns 2,605,033 shares in the company, valued at approximately $21,517,572.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Adam O’farrell sold 3,748 shares of Bridge Investment Group stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $8.26, for a total transaction of $30,958.48. Following the transaction, the chief operating officer now directly owns 455,514 shares in the company, valued at approximately $3,762,545.64. The disclosure for this sale can be found here. Insiders have sold 84,366 shares of company stock worth $687,133 in the last 90 days. 65.90% of the stock is currently owned by insiders.

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.