Insider Selling: Bridge Investment Group Holdings Inc. (NYSE:BRDG) COO Sells 3,817 Shares of Stock

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) COO Adam O'farrell sold 3,817 shares of the 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 sale, the chief operating officer owned 527,129 shares of the company's stock, valued at approximately $5,613,923.85. The trade was a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were 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 shares were sold at an average price of $10.60, for a total transaction of $37,471.00.

Bridge Investment Group Stock Down 0.3%

Shares of Bridge Investment Group stock traded down $0.04 during midday trading on Friday, reaching $10.68. 310,045 shares of the company's stock traded hands, compared to its average volume of 397,540. 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's 50 day simple moving average is $9.84 and its 200 day simple moving average is $9.19. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.08 and a current ratio of 1.08. 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 posted its 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 firm had revenue of $71.80 million during the quarter, compared to analyst estimates 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its stake in Bridge Investment Group by 1.1% in the 1st 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 last quarter. AlphaQuest LLC grew its stake in Bridge Investment Group by 107.1% in the 1st 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 last quarter. EP Wealth Advisors LLC grew its stake in Bridge Investment Group by 45.5% in the 1st 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 last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Bridge Investment Group in the 1st quarter valued at $63,000. Finally, Franklin Resources Inc. grew its stake in Bridge Investment Group by 0.6% in the 4th 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 last quarter. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their price target on shares of Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Bridge Investment Group currently has a consensus rating of "Hold" and a consensus 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.