Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) Vice Chairman Sells 10,438 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) Vice Chairman Dean Allara sold 10,438 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $86,531.02. Following the transaction, the insider now owns 683,606 shares in the company, valued at $5,667,093.74. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dean Allara also recently made the following trade(s):

• On Monday, January 6th, Dean Allara sold 10,877 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.31, for a total transaction of $90,387.87.

Bridge Investment Group Stock Up 1.2 %

Shares of BRDG stock opened at $7.65 on Thursday. The company has a market capitalization of $926.29 million, a price-to-earnings ratio of 191.30 and a beta of 1.57. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $9.37 and its 200-day moving average price is $8.88. Bridge Investment Group Holdings Inc. has a one year low of $6.18 and a one year high of $11.69.

Bridge Investment Group (NYSE:BRDG) last posted 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). The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $85.00 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. During the same period in the prior year, the business earned $0.22 earnings per share. Sell-side analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The business 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 of this dividend was Friday, December 6th. This represents a $0.40 annualized dividend and a yield of 5.23%. Bridge Investment Group’s payout ratio is 1,000.00%.

Institutional Trading of Bridge Investment Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP increased its holdings 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 worth $62,000 after purchasing an additional 1,535 shares during the last quarter. Jane Street Group LLC purchased a new stake in Bridge Investment Group during the third quarter valued at $102,000. Paloma Partners Management Co bought a new stake in Bridge Investment Group in the third quarter worth $110,000. XTX Topco Ltd purchased a new stake in Bridge Investment Group in the third quarter worth $127,000. Finally, Bank of New York Mellon Corp increased its stake in Bridge Investment Group by 3.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock worth $411,000 after buying an additional 1,735 shares during the period. 52.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BRDG shares. Wells Fargo & Company raised their target price on Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $14.00 to $11.00 in a research report on Friday, November 8th. 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. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday. Finally, UBS Group lifted their target price on Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.