Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab Sells 3,078 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,078 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $25,516.62. Following the completion of the sale, the chief financial officer now directly owns 303,937 shares of the company’s stock, valued at approximately $2,519,637.73. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, January 6th, Katherine Elsnab sold 3,206 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.31, for a total value of $26,641.86.

Bridge Investment Group Price Performance

Shares of Bridge Investment Group stock opened at $8.27 on Tuesday. The company has a 50-day simple moving average of $9.49 and a two-hundred day simple moving average of $8.89. Bridge Investment Group Holdings Inc. has a twelve month low of $6.18 and a twelve month high of $11.69. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 206.80 and a beta of 1.57. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86.

Bridge Investment Group (NYSE:BRDG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). The company had revenue of $101.51 million during 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 quarter last year, the firm posted $0.22 earnings per share. Analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.84%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s dividend payout ratio (DPR) is currently 1,000.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its stake in Bridge Investment Group by 288.0% during the third quarter. FMR LLC now owns 1,509,690 shares of the company’s stock worth $14,901,000 after buying an additional 1,120,549 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Bridge Investment Group by 2.3% during the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock worth $33,271,000 after acquiring an additional 74,779 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Bridge Investment Group during the 3rd quarter worth approximately $638,000. Quest Partners LLC bought a new position in Bridge Investment Group in the third quarter valued at approximately $448,000. Finally, Geode Capital Management LLC raised its position in Bridge Investment Group by 11.2% during the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock valued at $4,026,000 after purchasing an additional 40,975 shares in the last quarter. Institutional investors and hedge funds own 52.83% of the company’s stock.

Wall Street Analyst Weigh In

BRDG has been the topic of several research analyst reports. TD Cowen dropped their price objective on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. UBS Group increased their price target on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley cut Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $14.00 to $11.00 in a report on Friday, November 8th. Finally, Wells Fargo & Company increased 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Bridge Investment Group has an average rating of “Hold” and an average price target of $11.00.

About Bridge Investment Group

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.