Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells $37,206.22 in Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) COO Adam O'farrell sold 3,557 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.46, for a total transaction of $37,206.22. Following the transaction, the chief operating officer owned 530,946 shares of the company's stock, valued at approximately $5,553,695.16. This represents a 0.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Adam O'farrell also recently made the following trade(s):

• On Wednesday, July 23rd, Adam O'farrell sold 3,817 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total transaction of $40,651.05.
• On Monday, July 21st, Adam O'farrell sold 3,535 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.60, for a total transaction of $37,471.00.

Bridge Investment Group Stock Down 0.3%

Shares of Bridge Investment Group stock traded down $0.04 on Friday, hitting $10.68. The company had a trading volume of 310,045 shares, compared to its average volume of 397,540. The firm has a market capitalization of $1.32 billion, a P/E ratio of -20.53 and a beta of 1.41. Bridge Investment Group Holdings Inc. has a twelve month low of $7.09 and a twelve month high of $11.69. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a 50-day moving average of $9.84 and a 200-day moving average of $9.19.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $71.80 million during the quarter, compared to analyst estimates of $77.60 million. Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. Research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price objective on shares of Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $10.70.

Institutional Trading of Bridge Investment Group

Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC lifted its position in shares of Bridge Investment Group by 107.1% in the first quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock worth $51,000 after purchasing an additional 2,736 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Bridge Investment Group in the first quarter worth $63,000. EP Wealth Advisors LLC bought a new stake in shares of Bridge Investment Group in the fourth quarter worth $89,000. Aquatic Capital Management LLC bought a new stake in shares of Bridge Investment Group in the fourth quarter worth $95,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Bridge Investment Group in the fourth quarter worth $133,000. 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.