Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab Sells 3,206 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG) CFO Katherine Elsnab sold 3,206 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $8.31, for a total value of $26,641.86. Following the transaction, the chief financial officer now directly owns 297,707 shares in the company, valued at $2,473,945.17. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 2nd, Katherine Elsnab sold 3,078 shares of Bridge Investment Group stock. The shares were sold at an average price of $8.29, for a total transaction of $25,516.62.

Bridge Investment Group Price Performance

BRDG opened at $8.27 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $11.69. The company has a 50-day moving average of $9.49 and a 200-day moving average of $8.89. The company has a market capitalization of $1.00 billion, a P/E ratio of 206.80 and a beta of 1.57.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings data 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 firm had revenue of $101.51 million for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.22 EPS. Equities analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Cuts Dividend

The company also recently disclosed 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. This represents a $0.40 annualized dividend and a yield of 4.84%. The ex-dividend date was Friday, December 6th. Bridge Investment Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Analysts Set New Price Targets

BRDG has been the subject of a number of recent analyst reports. UBS Group raised 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. Wells Fargo & Company raised their target price on Bridge Investment Group from $11.00 to $11.50 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley cut Bridge Investment Group from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.00 to $11.00 in a research note on Friday, November 8th. Finally, TD Cowen lowered their price objective on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.00.

Institutional Trading of Bridge Investment Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of Bridge Investment Group by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 1,286,847 shares of the company’s stock valued at $13,383,000 after buying an additional 14,235 shares during the period. Geode Capital Management LLC lifted its holdings in Bridge Investment Group by 11.2% in the third quarter. Geode Capital Management LLC now owns 407,709 shares of the company’s stock worth $4,026,000 after acquiring an additional 40,975 shares during the last quarter. XTX Topco Ltd acquired a new position in Bridge Investment Group in the third quarter valued at approximately $127,000. Jane Street Group LLC acquired a new position in Bridge Investment Group in the third quarter valued at approximately $102,000. Finally, State Street Corp grew its holdings in shares of Bridge Investment Group by 12.0% during the third quarter. State Street Corp now owns 128,711 shares of the company’s stock valued at $1,270,000 after purchasing an additional 13,800 shares during the last quarter. 52.83% of the stock is owned by institutional investors and hedge funds.

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.