Bridge Investment Group Holdings Inc. (NYSE:BRDG) Short Interest Down 23.8% in May

Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) saw a significant decline in short interest during 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. Currently, 0.5% of the company's stock are sold short. Based on an average daily volume of 461,700 shares, the short-interest ratio is presently 0.4 days.

Bridge Investment Group Stock Up 0.8%

NYSE BRDG traded up $0.08 during trading on Thursday, hitting $9.27. The company's stock had a trading volume of 160,479 shares, compared to its average volume of 273,293. 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 company has a market cap of $1.15 billion, a PE ratio of 231.31 and a beta of 1.40. The business's 50 day simple moving average is $9.19 and its 200-day simple moving average is $8.98. Bridge Investment Group has a fifty-two week low of $6.81 and a fifty-two week high of $11.69.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $77.60 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. On average, equities analysts anticipate that Bridge Investment Group will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

BRDG has been the topic of several analyst reports. UBS Group lifted their target price on 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 lifted their target price on Bridge Investment Group from $10.00 to $10.50 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.70.

Institutional Investors Weigh In On Bridge Investment Group

Several institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC lifted its holdings 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 worth $51,000 after purchasing an additional 2,736 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Bridge Investment Group during the first quarter worth about $63,000. EP Wealth Advisors LLC acquired a new stake in shares of Bridge Investment Group during the fourth quarter worth about $89,000. Aquatic Capital Management LLC acquired a new stake in shares of Bridge Investment Group during the fourth quarter worth about $95,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Bridge Investment Group during the fourth quarter worth about $133,000. Institutional investors and hedge funds own 52.83% of the company's stock.

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.