Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) COO Adam O'farrell sold 3,535 shares of Bridge Investment Group stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $10.60, for a total transaction of $37,471.00. Following the sale, the chief operating officer owned 534,503 shares in the company, valued at approximately $5,665,731.80. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
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 Tuesday, July 22nd, Adam O'farrell sold 3,557 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.46, for a total transaction of $37,206.22.
Bridge Investment Group Price Performance
Shares of NYSE BRDG traded down $0.04 during trading on Friday, reaching $10.68. The company had a trading volume of 310,045 shares, compared to its average volume of 397,540. Bridge Investment Group Holdings Inc. has a 52 week low of $7.09 and a 52 week high of $11.69. The stock has a market cap of $1.32 billion, a PE ratio of -20.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.08 and a current ratio of 1.08. The business's 50 day moving average price is $9.84 and its 200-day moving average price is $9.19.
Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.08). Bridge Investment Group had a positive return on equity of 10.07% and a negative net margin of 3.45%. The company had revenue of $71.80 million during the quarter, compared to the consensus estimate of $77.60 million. Analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Wells Fargo & Company boosted their target price 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.70.
Check Out Our Latest Stock Report on BRDG
Institutional Investors Weigh In On Bridge Investment Group
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised 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 buying an additional 208,022 shares during the last quarter. Franklin Resources Inc. raised 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 buying an additional 8,218 shares during the last quarter. Lord Abbett & CO. LLC raised 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 buying an additional 141,178 shares during the last quarter. DLK Investment Management LLC bought a new stake in shares of Bridge Investment Group during the second quarter worth approximately $7,132,000. Finally, DigitalBridge Group Inc. raised 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 buying an additional 99,520 shares during the last quarter. 52.83% of the stock is owned by institutional investors.
About Bridge Investment Group
(
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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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