Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells 3,535 Shares of Stock

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 on Monday, July 21st. The stock was sold at an average price of $10.60, for a total transaction of $37,471.00. Following the completion of the transaction, the chief operating officer owned 534,503 shares in the company, valued at approximately $5,665,731.80. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was 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 stock was sold at an average price of $10.46, for a total transaction of $37,206.22.

Bridge Investment Group Trading Down 0.3%

Shares of BRDG stock traded down $0.04 during mid-day trading on Friday, reaching $10.68. The stock had a trading volume of 310,045 shares, compared to its average volume of 580,879. The stock's 50-day moving average price is $9.85 and its two-hundred 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. The firm has a market capitalization of $1.32 billion, a PE ratio of -20.53 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.98.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $71.80 million during the quarter, compared to analysts' expectations of $77.60 million. Equities analysts expect that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridge Investment Group

A number of hedge funds have recently modified their holdings of the company. Kovitz Investment Group Partners LLC increased its position in shares of Bridge Investment Group by 1.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 102,304 shares of the company's stock valued at $980,000 after buying an additional 1,116 shares during the period. AlphaQuest LLC increased its position in shares of 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 buying an additional 2,736 shares during the period. EP Wealth Advisors LLC increased its position in shares of Bridge Investment Group by 45.5% during the first quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company's stock valued at $148,000 after buying an additional 4,836 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Bridge Investment Group during the first quarter valued at about $63,000. Finally, Franklin Resources Inc. increased its position 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 valued at $10,879,000 after buying an additional 8,218 shares during the period. Hedge funds and other institutional investors own 52.83% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted 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 report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Bridge Investment Group presently has an average rating of "Hold" and an average target price of $10.70.

About Bridge Investment Group

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.