Marshall Wace LLP Has $240,000 Stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Marshall Wace LLP lowered its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,566 shares of the company's stock after selling 123,640 shares during the quarter. Marshall Wace LLP's holdings in Bridge Investment Group were worth $240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRDG. Vanguard Group Inc. raised its position 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 acquiring an additional 208,022 shares during the last quarter. Jennison Associates LLC raised its holdings in Bridge Investment Group by 0.9% during the 4th quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock worth $28,581,000 after purchasing an additional 31,593 shares during the last quarter. Franklin Resources Inc. lifted its position in Bridge Investment Group by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 1,295,065 shares of the company's stock valued at $10,879,000 after purchasing an additional 8,218 shares during the period. Royce & Associates LP grew its position in shares of Bridge Investment Group by 29.3% during the 4th quarter. Royce & Associates LP now owns 999,626 shares of the company's stock worth $8,397,000 after buying an additional 226,396 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Bridge Investment Group by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 407,709 shares of the company's stock worth $4,026,000 after buying an additional 40,975 shares during the period. 52.83% of the stock is currently owned by institutional investors and hedge funds.

Bridge Investment Group Trading Down 1.1 %

BRDG traded down $0.10 during mid-day trading on Friday, hitting $9.31. The stock had a trading volume of 262,813 shares, compared to its average volume of 264,631. Bridge Investment Group Holdings Inc. has a 1-year low of $6.73 and a 1-year high of $11.69. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 232.81 and a beta of 1.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. The stock's fifty day simple moving average is $9.25 and its 200-day simple moving average is $9.10.

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 for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $71.80 million for the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. As a group, research analysts forecast that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current fiscal year.

Bridge Investment Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.11 per share. This is an increase from Bridge Investment Group's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, March 14th. Bridge Investment Group's dividend payout ratio (DPR) is 488.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BRDG shares. UBS Group raised their price objective on shares of Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price target on Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Bridge Investment Group currently has an average rating of "Hold" and a consensus target price of $10.40.

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.