Thornburg Investment Management Inc. Has $5.36 Million Stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Thornburg Investment Management Inc. raised its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG) by 181.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 783,353 shares of the company’s stock after acquiring an additional 504,812 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Bridge Investment Group were worth $5,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in Bridge Investment Group in the 4th quarter valued at about $37,000. HBK Sorce Advisory LLC boosted its position in shares of Bridge Investment Group by 23.4% in the first quarter. HBK Sorce Advisory LLC now owns 21,296 shares of the company’s stock valued at $146,000 after acquiring an additional 4,035 shares during the period. Raymond James & Associates boosted its holdings in Bridge Investment Group by 13.1% in the 4th quarter. Raymond James & Associates now owns 15,259 shares of the company’s stock valued at $149,000 after purchasing an additional 1,772 shares during the period. Aigen Investment Management LP acquired a new position in shares of Bridge Investment Group during the 4th quarter worth approximately $249,000. Finally, Jump Financial LLC raised its position in shares of Bridge Investment Group by 142.7% in the fourth quarter. Jump Financial LLC now owns 31,800 shares of the company’s stock valued at $311,000 after buying an additional 18,700 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Bridge Investment Group Price Performance

BRDG stock traded down $0.24 during midday trading on Wednesday, reaching $7.82. The company had a trading volume of 246,002 shares, compared to its average volume of 252,696. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $12.65. The stock has a 50 day moving average price of $7.63 and a 200-day moving average price of $7.71. 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 company has a market capitalization of $946.14 million, a price-to-earnings ratio of -32.58 and a beta of 1.62.

Bridge Investment Group (NYSE:BRDG) last issued its earnings results on Wednesday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Bridge Investment Group had a return on equity of 10.23% and a net margin of 0.25%. The firm had revenue of $79.35 million for the quarter, compared to the consensus estimate of $76.31 million. Equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.8 earnings per share for the current year.

Bridge Investment Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Friday, May 31st. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.07. Bridge Investment Group’s dividend payout ratio is presently -199.99%.

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.