Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Update

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 177,400 shares, a decline of 23.8% from the April 30th total of 232,800 shares. Based on an average trading volume of 461,700 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BRDG shares. UBS Group upped their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Wells Fargo & Company increased their target price on shares of Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.70.

Institutional Trading of Bridge Investment Group

Several institutional investors have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC grew its position in shares of Bridge Investment Group by 1.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 102,304 shares of the company's stock valued at $980,000 after purchasing an additional 1,116 shares during the period. AlphaQuest LLC grew its position in shares of Bridge Investment Group by 107.1% in the first quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock valued at $51,000 after purchasing an additional 2,736 shares during the period. EP Wealth Advisors LLC grew its position in shares of Bridge Investment Group by 45.5% in the first quarter. EP Wealth Advisors LLC now owns 15,464 shares of the company's stock valued at $148,000 after purchasing an additional 4,836 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Bridge Investment Group in the first quarter valued at about $63,000. Finally, Franklin Resources Inc. grew its position in shares of Bridge Investment Group by 0.6% in the fourth 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. Institutional investors and hedge funds own 52.83% of the company's stock.

Bridge Investment Group Stock Performance

BRDG stock traded up $0.06 during midday trading on Tuesday, hitting $9.26. 288,673 shares of the stock traded hands, compared to its average volume of 272,486. The firm has a market cap of $1.15 billion, a P/E ratio of 231.43 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 $9.21 and its 200-day simple moving average is $8.98. Bridge Investment Group has a 1-year low of $6.81 and a 1-year high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last released 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). The firm had revenue of $71.80 million for the quarter, compared to analyst estimates of $77.60 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. On average, analysts expect that Bridge Investment Group will post 0.68 earnings per share for the current year.

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.