Short Interest in Bridge Investment Group Holdings Inc. (NYSE:BRDG) Rises By 25.2%

Bridge Investment Group Holdings Inc. (NYSE:BRDG) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 351,900 shares, an increase of 25.2% from the November 30th total of 281,000 shares. Based on an average trading volume of 233,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.0% of the shares of the company are sold short.

Bridge Investment Group Stock Down 0.1 %

NYSE BRDG opened at $8.37 on Tuesday. Bridge Investment Group has a 12 month low of $6.18 and a 12 month high of $11.69. The company has a market capitalization of $1.01 billion, a P/E ratio of 209.30 and a beta of 1.54. 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 50 day simple moving average is $9.77 and its 200 day simple moving average is $8.84.

Bridge Investment Group (NYSE:BRDG) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The firm had revenue of $101.51 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.22 EPS. Equities research analysts expect that Bridge Investment Group will post 0.68 earnings per share 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. Shareholders of record on Friday, December 6th were given a $0.10 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.40 dividend on an annualized basis and a yield of 4.78%. Bridge Investment Group’s payout ratio is 1,000.00%.

Institutional Trading of Bridge Investment Group

A number of institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Bridge Investment Group by 288.0% in 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 during the last quarter. Jennison Associates LLC raised its position in 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 in the last quarter. Rockefeller Capital Management L.P. bought a new position in Bridge Investment Group during the third quarter worth about $638,000. Quest Partners LLC acquired a new stake in Bridge Investment Group during the third quarter valued at approximately $448,000. Finally, Geode Capital Management LLC grew its stake in shares of Bridge Investment Group by 11.2% in 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 and hedge funds own 52.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BRDG. Wells Fargo & Company increased their price target 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. Morgan Stanley cut shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $14.00 to $11.00 in a research note on Friday, November 8th. UBS Group upped their price target on shares of Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, 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 note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

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.