Bridge Investment Group Holdings Inc. (NYSE:BRDG - Get Free Report) Vice Chairman Dean Allara sold 6,285 shares of Bridge Investment Group stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.46, for a total value of $65,741.10. Following the sale, the insider directly owned 649,943 shares in the company, valued at $6,798,403.78. The trade was a 0.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Dean Allara also recently made the following trade(s):
- On Wednesday, July 23rd, Dean Allara sold 6,743 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.65, for a total value of $71,812.95.
- On Monday, July 21st, Dean Allara sold 6,245 shares of Bridge Investment Group stock. The shares were sold at an average price of $10.60, for a total transaction of $66,197.00.
Bridge Investment Group Trading Down 0.3%
BRDG stock traded down $0.04 during trading on Friday, hitting $10.68. The company had a trading volume of 310,045 shares, compared to its average volume of 580,879. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $9.85 and a 200-day moving average price of $9.22. Bridge Investment Group Holdings Inc. has a 12 month low of $7.09 and a 12 month high of $11.69. The stock has a market cap 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 issued its 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 business had revenue of $71.80 million for the quarter, compared to the consensus estimate of $77.60 million. Bridge Investment Group had a negative net margin of 3.45% and a positive return on equity of 10.07%. As a group, analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current year.
Institutional Trading of Bridge Investment Group
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position 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 valued at $29,242,000 after acquiring an additional 208,022 shares during the last quarter. Franklin Resources Inc. raised its position 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 valued at $10,879,000 after acquiring an additional 8,218 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Bridge Investment Group by 17.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 964,060 shares of the company's stock valued at $8,098,000 after buying an additional 141,178 shares in the last quarter. DLK Investment Management LLC bought a new stake in shares of Bridge Investment Group in the 2nd quarter valued at $7,132,000. Finally, DigitalBridge Group Inc. increased its position in shares of Bridge Investment Group by 24.4% in the 4th quarter. DigitalBridge Group Inc. now owns 508,035 shares of the company's stock valued at $4,267,000 after buying an additional 99,520 shares in the last quarter. Institutional investors own 52.83% of the company's stock.
Analyst Ratings Changes
Separately, Wells Fargo & Company lifted 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 note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $10.70.
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Bridge Investment Group Company Profile
(
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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.
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