Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O'farrell Sells 3,557 Shares

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 dated Tuesday, July 22nd. The stock was sold at an average price of $10.46, for a total transaction of $37,206.22. Following the sale, the chief operating officer directly owned 530,946 shares in the company, valued at $5,553,695.16. The trade was a 0.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 stock was 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 NYSE BRDG traded down $0.04 during midday trading on Friday, hitting $10.68. The stock had a trading volume of 310,045 shares, compared to its average volume of 580,879. The business's 50 day moving average is $9.85 and its 200-day moving average is $9.22. The company has a market cap of $1.32 billion, a P/E ratio of -20.53 and a beta of 1.41. Bridge Investment Group Holdings Inc. has a 52 week low of $7.09 and a 52 week high of $11.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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