EntryPoint Capital LLC Makes New $133,000 Investment in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

EntryPoint Capital LLC acquired a new stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,872 shares of the company’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Bridge Investment Group by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company’s stock valued at $29,242,000 after purchasing an additional 208,022 shares during the period. Royce & Associates LP grew its stake in shares of Bridge Investment Group by 29.3% during the 4th quarter. Royce & Associates LP now owns 999,626 shares of the company’s stock valued at $8,397,000 after acquiring an additional 226,396 shares during the period. Raymond James Financial Inc. purchased a new stake in Bridge Investment Group in the 4th quarter worth approximately $168,000. Bank of New York Mellon Corp lifted its holdings in Bridge Investment Group by 204.5% during the fourth quarter. Bank of New York Mellon Corp now owns 191,341 shares of the company’s stock valued at $1,607,000 after purchasing an additional 128,505 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Bridge Investment Group in the fourth quarter worth approximately $221,000. 52.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Bridge Investment Group

In other Bridge Investment Group news, Chairman Robert Randolph Morse sold 45,343 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $375,893.47. Following the sale, the chairman now directly owns 3,249,076 shares of the company’s stock, valued at $26,934,840.04. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Dean Allara sold 10,877 shares of the firm’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 $90,387.87. Following the completion of the sale, the insider now directly owns 662,473 shares of the company’s stock, valued at $5,505,150.63. The trade was a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,187 shares of company stock valued at $1,204,966 over the last 90 days. 65.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BRDG has been the topic of several recent analyst reports. UBS Group raised their price objective on shares of Bridge Investment Group from $7.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $10.00 price target (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price objective on Bridge Investment Group from $11.50 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, March 20th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.80.

Bridge Investment Group Stock Performance

Shares of NYSE BRDG opened at $9.64 on Monday. The firm’s fifty day moving average is $8.91 and its two-hundred day moving average is $9.27. Bridge Investment Group Holdings Inc. has a 52-week low of $6.31 and a 52-week high of $11.69. The company has a market cap of $1.19 billion, a P/E ratio of 241.09 and a beta of 1.47. 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 (NYSE:BRDG) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. The company had revenue of $81.96 million during the quarter, compared to analyst estimates of $82.02 million. As a group, analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Bridge Investment Group’s previous quarterly dividend of $0.10. Bridge Investment Group’s payout ratio is currently 488.89%.

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.