Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Robert Randolph Morse Sells 47,252 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Robert Randolph Morse sold 47,252 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 3,157,271 shares in the company, valued at $26,236,922.01. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 Price Performance

Shares of NYSE:BRDG opened at $8.27 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.00 billion, a PE ratio of 206.80 and a beta of 1.57. The firm’s 50 day moving average price is $9.49 and its 200-day moving average price is $8.89. Bridge Investment Group Holdings Inc. has a twelve month low of $6.18 and a twelve month high of $11.69.

Bridge Investment Group (NYSE:BRDG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The business had revenue of $101.51 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business posted $0.22 earnings per share. Equities research analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, December 6th. Bridge Investment Group’s payout ratio is 1,000.00%.

Analyst Ratings Changes

Several research firms recently commented on BRDG. UBS Group lifted 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. Wells Fargo & Company lifted their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. TD Cowen lowered 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. Finally, Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $14.00 to $11.00 in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Bridge Investment Group has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. FMR LLC grew its stake in shares of Bridge Investment Group by 288.0% during the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company’s stock valued at $14,901,000 after acquiring an additional 1,120,549 shares during the period. Jennison Associates LLC boosted its position in shares of Bridge Investment Group by 2.3% in the third quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock worth $33,271,000 after purchasing an additional 74,779 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Bridge Investment Group in the third quarter worth $638,000. Quest Partners LLC bought a new stake in shares of Bridge Investment Group during the 3rd quarter valued at $448,000. Finally, Geode Capital Management LLC raised its position in shares of Bridge Investment Group by 11.2% during the 3rd 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 during the period. Institutional investors own 52.83% of the company’s stock.

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.