Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Sells 47,252 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Robert Randolph Morse sold 47,252 shares of Bridge Investment Group stock in a transaction on Monday, January 6th. The shares were sold at an average price of $8.31, for a total value of $392,664.12. Following the sale, the chairman now directly owns 3,157,271 shares of the company’s stock, valued at approximately $26,236,922.01. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Robert Randolph Morse also recently made the following trade(s):

• On Thursday, January 2nd, Robert Randolph Morse sold 45,343 shares of Bridge Investment Group stock. The stock was sold at an average price of $8.29, for a total value of $375,893.47.

Bridge Investment Group Stock Performance

Shares of Bridge Investment Group stock traded up $0.02 on Monday, reaching $8.27. The stock had a trading volume of 519,523 shares, compared to its average volume of 313,608. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50-day moving average price is $9.49 and its two-hundred day moving average price is $8.89. The stock has a market cap of $1.00 billion, a P/E ratio of 206.80 and a beta of 1.57. Bridge Investment Group Holdings Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $11.69.

Bridge Investment Group (NYSE:BRDG) last released its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $101.51 million for the quarter, compared to analyst estimates of $85.00 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. During the same period in the prior year, the firm earned $0.22 EPS. On average, 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. Investors of record on Friday, December 6th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 6th. This represents a $0.40 annualized dividend and a yield of 4.84%. Bridge Investment Group’s payout ratio is 1,000.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BRDG. UBS Group increased their price objective on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen dropped 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 note on Tuesday, November 12th. Morgan Stanley lowered shares of 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 upped their price objective on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Bridge Investment Group presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRDG. Quarry LP boosted its position in shares of Bridge Investment Group by 22.5% in the second 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 acquired a new position in Bridge Investment Group during the 3rd quarter valued at $102,000. Paloma Partners Management Co bought a new stake in Bridge Investment Group in the 3rd quarter valued at $110,000. XTX Topco Ltd acquired a new stake in Bridge Investment Group in the 3rd quarter worth $127,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bridge Investment Group by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock worth $411,000 after purchasing an additional 1,735 shares during the period. 52.83% of the stock is owned by institutional investors.

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.