Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Adam O'farrell Sells 3,817 Shares

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) COO Adam O'farrell sold 3,817 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $10.65, for a total transaction of $40,651.05. Following the completion of the transaction, the chief operating officer directly owned 527,129 shares of the company's stock, valued at approximately $5,613,923.85. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Adam O'farrell also recently made the following trade(s):

• 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.
• 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 Price Performance

NYSE:BRDG traded down $0.04 during trading hours on Friday, hitting $10.68. The stock had a trading volume of 310,045 shares, compared to its average volume of 580,879. The company has a 50 day simple moving average of $9.85 and a two-hundred day simple moving average of $9.22. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.08 and a quick ratio of 1.08. Bridge Investment Group Holdings Inc. has a one year low of $7.09 and a one year high of $11.69. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -20.53 and a beta of 1.41.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $77.60 million. Research analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Institutional Trading of Bridge Investment Group

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Bridge Investment Group by 6.4% during the 4th 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. lifted its holdings in shares of Bridge Investment Group by 0.6% during the 4th 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 lifted its holdings in shares of Bridge Investment Group by 17.2% during the 4th 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 bought a new stake in shares of Bridge Investment Group during the 2nd quarter worth $7,132,000. Finally, DigitalBridge Group Inc. lifted its holdings in shares of Bridge Investment Group by 24.4% during the 4th 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. 52.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised 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 report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.70.

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.