Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) CEO Jonathan Slager sold 8,855 shares of Bridge Investment Group stock in a transaction on Monday, July 21st. The stock was sold at an average price of $10.60, for a total value of $93,863.00. Following the sale, the chief executive officer owned 930,539 shares of the company's stock, valued at approximately $9,863,713.40. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Jonathan Slager also recently made the following trade(s):
- On Wednesday, July 23rd, Jonathan Slager sold 9,562 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total value of $101,835.30.
- On Tuesday, July 22nd, Jonathan Slager sold 8,910 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.46, for a total value of $93,198.60.
Bridge Investment Group Stock Down 0.3%
Bridge Investment Group stock traded down $0.04 during trading hours on Friday, reaching $10.68. The stock had a trading volume of 310,045 shares, compared to its average volume of 580,879. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -20.53 and a beta of 1.41. 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 business's 50 day moving average price is $9.85 and its 200-day moving average price is $9.22. Bridge Investment Group Holdings Inc. has a 52 week low of $7.09 and a 52 week high of $11.69.
Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.
Institutional Investors Weigh In On Bridge Investment Group
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Bridge Investment Group by 6.4% during the fourth quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock worth $29,242,000 after acquiring an additional 208,022 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Bridge Investment Group by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock worth $10,879,000 after acquiring an additional 8,218 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Bridge Investment Group by 17.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock worth $8,098,000 after acquiring an additional 141,178 shares during the last quarter. DLK Investment Management LLC purchased a new stake in shares of Bridge Investment Group during the second quarter worth about $7,132,000. Finally, DigitalBridge Group Inc. grew its stake in shares of Bridge Investment Group by 24.4% during the fourth quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company's stock worth $4,267,000 after acquiring an additional 99,520 shares during the last quarter. Hedge funds and other institutional investors own 52.83% of the company's stock.
Analyst Ratings Changes
Separately, Wells Fargo & Company lifted their target price on Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.70.
Check Out Our Latest Analysis on Bridge Investment Group
Bridge Investment Group Company Profile
(
Get Free Report)
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.
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