Bridge Investment Group Holdings Inc. (NYSE:BRDG) Chairman Robert Randolph Morse Sells 25,859 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) Chairman Robert Randolph Morse sold 25,859 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $10.46, for a total transaction of $270,485.14. Following the completion of the sale, the chairman directly owned 3,105,711 shares of the company's stock, valued at $32,485,737.06. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Robert Randolph Morse also recently made the following trade(s):

• On Wednesday, July 23rd, Robert Randolph Morse sold 27,749 shares of Bridge Investment Group stock. The stock was sold at an average price of $10.65, for a total transaction of $295,526.85.
• On Monday, July 21st, Robert Randolph Morse sold 25,701 shares of Bridge Investment Group stock. The stock was sold at an average price of $10.60, for a total transaction of $272,430.60.

Bridge Investment Group Stock Down 0.3%

Shares of NYSE BRDG traded down $0.04 during trading hours on Friday, hitting $10.68. 310,045 shares of the stock were exchanged, compared to its average volume of 580,879. 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 Holdings Inc. has a 12 month low of $7.09 and a 12 month high of $11.69. The company has a market cap of $1.32 billion, a PE ratio of -20.53 and a beta of 1.41. The firm has a fifty day moving average price of $9.85 and a 200-day moving average price of $9.22.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.08). Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. The company had revenue of $71.80 million for the quarter, compared to analyst estimates of $77.60 million. On average, sell-side analysts expect 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, the company has an average rating of "Hold" and an average target price of $10.70.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Bridge Investment Group in the 4th quarter valued at $168,000. Vanguard Group Inc. boosted its holdings in shares of Bridge Investment Group by 6.4% in the 4th quarter. Vanguard Group Inc. now owns 3,481,145 shares of the company's stock valued at $29,242,000 after acquiring an additional 208,022 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Bridge Investment Group in the 4th quarter valued at $133,000. Norges Bank purchased a new stake in shares of Bridge Investment Group in the 4th quarter valued at $597,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Bridge Investment Group by 322.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 280,196 shares of the company's stock valued at $2,354,000 after acquiring an additional 213,857 shares during the last quarter. Institutional investors and hedge funds 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.